CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Stock Price Up 1% – Here’s Why

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC)’s stock price rose 1% during trading on Thursday . The company traded as high as $19.00 and last traded at $18.98. Approximately 3,842 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 16,750 shares. The stock had previously closed at $18.79.

CrossingBridge Pre-Merger SPAC ETF Price Performance

The company’s 50-day moving average price is $19.23 and its two-hundred day moving average price is $20.86. The company has a market capitalization of $14.61 million, a price-to-earnings ratio of 49.04 and a beta of 0.02.

CrossingBridge Pre-Merger SPAC ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a $2.6704 dividend. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On CrossingBridge Pre-Merger SPAC ETF

A hedge fund recently raised its stake in CrossingBridge Pre-Merger SPAC ETF stock. Crossingbridge Advisors LLC boosted its holdings in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) by 196.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,416 shares of the company’s stock after purchasing an additional 32,750 shares during the quarter. Crossingbridge Advisors LLC owned about 3.63% of CrossingBridge Pre-Merger SPAC ETF worth $1,059,000 at the end of the most recent quarter.

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.