RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) Short Interest Down 82.0% in June

RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,642 shares, a decrease of 82.0% from the May 31st total of 14,709 shares. Based on an average trading volume of 4,356 shares, the short-interest ratio is currently 0.6 days. Approximately 1.4% of the shares of the stock are sold short.

RiverNorth Enhanced Pre-Merger SPAC ETF Stock Performance

Shares of BATS SPCZ opened at $26.04 on Friday. The firm has a market capitalization of $5.08 million, a P/E ratio of 58.23 and a beta of -0.02. RiverNorth Enhanced Pre-Merger SPAC ETF has a one year low of $24.83 and a one year high of $29.01. The company’s fifty day moving average is $25.91 and its two-hundred day moving average is $25.97.

RiverNorth Enhanced Pre-Merger SPAC ETF Company Profile

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.