CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Down 32.0% in August

Posted by Renee Jackson on Sep 16th, 2024

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 19,100 shares, a decline of 32.0% from the August 15th total of 28,100 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is presently 1.8 days.

CrossingBridge Pre-Merger SPAC ETF Price Performance

Shares of NASDAQ SPC traded up 0.02 during midday trading on Monday, reaching 21.84. The company’s stock had a trading volume of 20,400 shares, compared to its average volume of 12,644. The stock has a market capitalization of $72.07 million, a P/E ratio of 33.01 and a beta of 0.03. The firm has a 50 day moving average price of 21.75 and a 200-day moving average price of 21.60. CrossingBridge Pre-Merger SPAC ETF has a 12-month low of 21.10 and a 12-month high of 21.98.

Institutional Investors Weigh In On 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 stake in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,296 shares of the company’s stock, valued at approximately $338,000. Cohanzick Management LLC owned 0.49% of CrossingBridge Pre-Merger SPAC ETF at the end of the most recent reporting period.

About CrossingBridge Pre-Merger SPAC ETF

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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.