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

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the target of a large drop in short interest during 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 short-interest ratio is currently 0.1 days.

CrossingBridge Pre-Merger SPAC ETF Stock Down 0.1 %

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

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

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

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.