Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Drops By 76.3%

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a drop of 76.3% from the October 31st total of 5,900 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is currently 0.1 days.

CrossingBridge Pre-Merger SPAC ETF Stock Performance

Shares of SPC stock traded down 0.02 during mid-day trading on Wednesday, hitting 21.67. 21,092 shares of the stock traded hands, compared to its average volume of 12,695. CrossingBridge Pre-Merger SPAC ETF has a twelve month low of 21.10 and a twelve month high of 21.98. The firm has a market cap of $69.34 million, a price-to-earnings ratio of 33.01 and a beta of 0.03. The company’s 50-day simple moving average is 21.63 and its 200-day simple moving average is 21.67.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

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

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.