CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Up 857.1% in December

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,400 shares, an increase of 857.1% from the December 15th total of 1,400 shares. Based on an average trading volume of 21,100 shares, the short-interest ratio is currently 0.6 days.

CrossingBridge Pre-Merger SPAC ETF Stock Performance

NASDAQ:SPC remained flat at $20.68 during trading hours on Monday. 28,240 shares of the company’s stock were exchanged, compared to its average volume of 35,634. CrossingBridge Pre-Merger SPAC ETF has a fifty-two week low of $19.08 and a fifty-two week high of $21.87. The company’s 50 day simple moving average is $21.46 and its 200 day simple moving average is $21.61. The stock has a market cap of $63.28 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 disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 26th were given a dividend of $1.1235 per share. This is a positive change 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

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.