CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Up 188.9% in February

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,600 shares, an increase of 188.9% from the January 31st total of 900 shares. Based on an average daily volume of 41,700 shares, the days-to-cover ratio is presently 0.1 days.

CrossingBridge Pre-Merger SPAC ETF Trading Down 0.0 %

CrossingBridge Pre-Merger SPAC ETF stock traded down $0.01 during midday trading on Friday, reaching $20.87. The company’s stock had a trading volume of 3,295 shares, compared to its average volume of 51,177. CrossingBridge Pre-Merger SPAC ETF has a 52 week low of $19.08 and a 52 week high of $21.87. The business has a 50-day moving average price of $20.81 and a 200-day moving average price of $21.39. The stock has a market cap of $60.94 million, a PE ratio of 33.01 and a beta of 0.03.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.1235 per share. 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.

CrossingBridge Pre-Merger SPAC ETF Company Profile

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.