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

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 8,200 shares, a decline of 52.3% from the June 15th total of 17,200 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 0.7 days.

CrossingBridge Pre-Merger SPAC ETF Trading Up 0.1 %

Shares of NASDAQ:SPC opened at 21.70 on Friday. The stock has a market capitalization of $71.61 million, a P/E ratio of 33.01 and a beta of 0.03. CrossingBridge Pre-Merger SPAC ETF has a 1-year low of 21.10 and a 1-year high of 22.14. The business has a 50-day moving average price of 21.60 and a two-hundred day moving average price of 21.44.

Hedge Funds Weigh In On CrossingBridge Pre-Merger SPAC ETF

An institutional investor recently bought a new position in CrossingBridge Pre-Merger SPAC ETF stock. Cohanzick Management LLC bought a new position in shares of CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) in the 4th 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 0.49% of CrossingBridge Pre-Merger SPAC ETF at the end of the most recent quarter.

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.