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

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

CrossingBridge Pre-Merger SPAC ETF Stock Performance

Shares of SPC stock opened at $20.88 on Friday. CrossingBridge Pre-Merger SPAC ETF has a 1 year low of $19.08 and a 1 year high of $21.87. The business’s fifty day moving average is $20.83 and its 200-day moving average is $21.39. The stock has a market cap of $60.97 million, a PE ratio of 33.01 and a beta of 0.03.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 26th were given a dividend of $1.1235 per share. The ex-dividend date was Thursday, December 26th. This is an increase from CrossingBridge Pre-Merger SPAC ETF’s previous dividend of $0.22.

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.