RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) Short Interest Update

RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 14,709 shares, an increase of 150.3% from the May 14th total of 5,876 shares. Currently, 7.5% of the shares of the stock are sold short. Based on an average daily volume of 1,495 shares, the days-to-cover ratio is presently 9.8 days.

RiverNorth Enhanced Pre-Merger SPAC ETF Trading Down 3.0%

BATS:SPCZ opened at $26.16 on Friday. RiverNorth Enhanced Pre-Merger SPAC ETF has a 12-month low of $24.83 and a 12-month high of $29.01. The firm has a market cap of $5.10 million, a price-to-earnings ratio of 58.23 and a beta of -0.02. The company’s 50-day moving average is $25.80 and its two-hundred day moving average is $26.15.

About RiverNorth Enhanced Pre-Merger SPAC ETF

The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that holds US-listed, small- and mid-cap pre-combination SPAC securities. SPCZ was launched on Jul 11, 2022 and is managed by RiverNorth.