CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Up 243.9% in July

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 28,200 shares, an increase of 243.9% from the June 30th total of 8,200 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is presently 2.7 days.

CrossingBridge Pre-Merger SPAC ETF Stock Up 0.2 %

NASDAQ SPC traded up 0.04 on Thursday, reaching 21.74. The company had a trading volume of 5,709 shares, compared to its average volume of 12,459. The stock has a market capitalization of $71.74 million, a PE ratio of 33.01 and a beta of 0.03. The firm’s 50 day moving average price is 21.63 and its 200 day moving average price is 21.47. CrossingBridge Pre-Merger SPAC ETF has a 12 month low of 21.10 and a 12 month high of 22.14.

Institutional Trading of CrossingBridge Pre-Merger SPAC ETF

A hedge fund recently bought a new stake in CrossingBridge Pre-Merger SPAC ETF stock. Cohanzick Management LLC bought a new position in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 16,296 shares of the company’s stock, valued at approximately $338,000. Cohanzick Management LLC owned about 0.49% of CrossingBridge Pre-Merger SPAC ETF as of its most recent SEC filing.

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.