CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Up 857.1% in December

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

CrossingBridge Pre-Merger SPAC ETF Price Performance

Shares of NASDAQ SPC traded up $0.02 during trading on Tuesday, hitting $20.70. 8,755 shares of the company were exchanged, compared to its average volume of 32,269. CrossingBridge Pre-Merger SPAC ETF has a 1 year low of $19.08 and a 1 year high of $21.87. The company has a market cap of $63.34 million, a price-to-earnings ratio of 33.01 and a beta of 0.03. The firm’s fifty day moving average price is $21.44 and its 200 day moving average price is $21.61.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

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

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.