Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Decreases By 70.0%

Posted by Anthony Miller on Feb 13th, 2025

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC – Get Free Report) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 900 shares, a drop of 70.0% from the January 15th total of 3,000 shares. Based on an average trading volume of 41,700 shares, the short-interest ratio is presently 0.0 days.

CrossingBridge Pre-Merger SPAC ETF Stock Up 0.1 %

NASDAQ SPC traded up $0.03 on Thursday, reaching $20.80. 15,817 shares of the stock traded hands, compared to its average volume of 65,580. CrossingBridge Pre-Merger SPAC ETF has a 12 month low of $19.08 and a 12 month high of $21.87. The firm’s fifty day simple moving average is $21.03 and its 200 day simple moving average is $21.46. The company has a market cap of $60.74 million, a price-to-earnings ratio of 33.01 and a beta of 0.03.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

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

About CrossingBridge Pre-Merger SPAC ETF

(Get Free Report)

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.