CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Sees Large Drop in Short Interest

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 14,400 shares, a drop of 18.6% from the September 15th total of 17,700 shares. Based on an average daily trading volume, of 12,000 shares, the days-to-cover ratio is currently 1.2 days.

CrossingBridge Pre-Merger SPAC ETF Trading Down 0.0 %

NASDAQ SPC traded down 0.01 during mid-day trading on Tuesday, reaching 21.56. 7,783 shares of the company’s stock traded hands, compared to its average volume of 12,583. CrossingBridge Pre-Merger SPAC ETF has a 1-year low of 21.10 and a 1-year high of 21.98. The company has a fifty day simple moving average of 21.72 and a 200-day simple moving average of 21.63. The company has a market cap of $68.99 million, a price-to-earnings ratio of 33.01 and a beta of 0.03.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The company also recently announced a None dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were given a $0.3441 dividend. This is a positive change from CrossingBridge Pre-Merger SPAC ETF’s previous None dividend of $0.22. The ex-dividend date of this dividend was Tuesday, September 24th.

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.