Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Declines By 81.3%

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 2,700 shares, a decrease of 81.3% from the September 30th total of 14,400 shares. Based on an average trading volume of 13,600 shares, the days-to-cover ratio is currently 0.2 days.

CrossingBridge Pre-Merger SPAC ETF Trading Up 0.1 %

NASDAQ:SPC traded up 0.02 during trading hours on Friday, hitting 21.63. 6,048 shares of the company were exchanged, compared to its average volume of 12,801. The stock has a market capitalization of $69.22 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 21.10 and a one year high of 21.98. The company has a fifty day simple moving average of 21.69 and a 200 day simple moving average of 21.64.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The business also recently disclosed a None dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were given a dividend of $0.3441 per share. This is an increase from CrossingBridge Pre-Merger SPAC ETF’s previous None dividend of $0.22. The ex-dividend date was Tuesday, September 24th.

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.