CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Up 180.0% in December

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,400 shares, a growth of 180.0% from the November 30th total of 500 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is currently 0.1 days.

CrossingBridge Pre-Merger SPAC ETF Trading Down 0.3 %

NASDAQ:SPC traded down $0.06 during trading hours on Friday, hitting $20.66. 80,040 shares of the stock were exchanged, compared to its average volume of 13,772. The firm’s fifty day moving average price is $21.65 and its 200 day moving average price is $21.68. The company has a market cap of $66.11 million, a P/E ratio of 33.01 and a beta of 0.03. CrossingBridge Pre-Merger SPAC ETF has a 52-week low of $20.65 and a 52-week high of $21.87.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

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