Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Increases By 243.9%

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 28,200 shares, an increase of 243.9% from the June 30th total of 8,200 shares. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CrossingBridge Pre-Merger SPAC ETF stock. Cohanzick Management LLC bought a new stake in shares of CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 Stock Performance

Shares of NASDAQ SPC remained flat at 21.74 during trading on Friday. The company’s stock had a trading volume of 2,800 shares, compared to its average volume of 12,391. CrossingBridge Pre-Merger SPAC ETF has a twelve month low of 21.10 and a twelve month high of 22.14. The firm has a market cap of $71.74 million, a PE ratio of 33.01 and a beta of 0.03. The company has a 50-day moving average price of 21.64 and a two-hundred day moving average price of 21.47.

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.