Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Drops By 75.0%

Posted by Mickey Rousseau on Apr 27th, 2024

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC – Get Free Report) 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 daily volume of 13,000 shares, the short-interest ratio is currently 0.2 days.

CrossingBridge Pre-Merger SPAC ETF Trading Down 0.1 %

CrossingBridge Pre-Merger SPAC ETF stock traded down 0.03 during midday trading on Friday, reaching 21.49. 1,200 shares of the stock traded hands, compared to its average volume of 13,870. The firm has a market cap of $70.92 million, a PE ratio of 32.91 and a beta of 0.03. The company has a 50-day simple moving average of 21.40 and a two-hundred day simple moving average of 21.52. CrossingBridge Pre-Merger SPAC ETF has a 12-month low of 21.09 and a 12-month high of 22.14.

Institutional Trading of CrossingBridge Pre-Merger SPAC ETF

A hedge fund recently bought a new stake in CrossingBridge Pre-Merger SPAC ETF stock. Cohanzick Management LLC bought a new position in shares of CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

CrossingBridge Pre-Merger SPAC ETF Company Profile

(Get Free Report)

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.