CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Sees Significant Increase in Short Interest

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 13,400 shares, a growth of 857.1% from the December 31st total of 1,400 shares. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is presently 0.6 days.

CrossingBridge Pre-Merger SPAC ETF Stock Performance

Shares of NASDAQ:SPC traded down $0.01 during midday trading on Tuesday, reaching $20.75. 1,462 shares of the company’s stock traded hands, compared to its average volume of 22,651. The company has a market cap of $60.59 million, a price-to-earnings ratio of 33.01 and a beta of 0.03. CrossingBridge Pre-Merger SPAC ETF has a one year low of $19.08 and a one year high of $21.87. The stock has a 50 day moving average of $21.25 and a 200 day moving average of $21.54.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 26th were given a $1.1235 dividend. This is a boost from CrossingBridge Pre-Merger SPAC ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Thursday, December 26th.

About CrossingBridge Pre-Merger SPAC ETF

The CrossingBridge Pre-Merger SPAC ETF (SPC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that invests in pre-merger Special Purpose Acquisitions Companies. SPC was launched on Sep 21, 2021 and is issued by CrossingBridge Funds.