CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Update

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 2,000 shares, a drop of 75.0% from the March 31st total of 8,000 shares. Based on an average trading volume of 13,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On CrossingBridge Pre-Merger SPAC ETF

An institutional investor recently bought a new position in CrossingBridge Pre-Merger SPAC ETF stock. Cohanzick Management LLC bought a new stake in shares of CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,296 shares of the company’s stock, valued at approximately $338,000. Cohanzick Management LLC owned approximately 0.49% of CrossingBridge Pre-Merger SPAC ETF as of its most recent SEC filing.

CrossingBridge Pre-Merger SPAC ETF Price Performance

Shares of NASDAQ:SPC traded down 0.03 on Friday, hitting 21.49. 1,200 shares of the company’s stock were exchanged, compared to its average volume of 13,870. The stock has a market capitalization of $70.92 million, a price-to-earnings ratio of 32.91 and a beta of 0.03. CrossingBridge Pre-Merger SPAC ETF has a 12 month low of 21.09 and a 12 month high of 22.14. The business’s 50 day simple moving average is 21.40 and its two-hundred day simple moving average is 21.52.

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.