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

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 19,100 shares, a drop of 32.0% from the August 15th total of 28,100 shares. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is presently 1.8 days.

CrossingBridge Pre-Merger SPAC ETF Stock Performance

CrossingBridge Pre-Merger SPAC ETF stock traded up 0.02 during mid-day trading on Monday, reaching 21.84. The stock had a trading volume of 20,400 shares, compared to its average volume of 12,644. CrossingBridge Pre-Merger SPAC ETF has a fifty-two week low of 21.10 and a fifty-two week high of 21.98. The stock’s 50-day simple moving average is 21.75 and its 200-day simple moving average is 21.60. The firm has a market capitalization of $72.07 million, a PE ratio of 33.01 and a beta of 0.03.

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 purchased a new stake in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,296 shares of the company’s stock, valued at approximately $338,000. Cohanzick Management LLC owned about 0.49% of CrossingBridge Pre-Merger SPAC ETF at the end of the most recent quarter.

About CrossingBridge Pre-Merger SPAC ETF

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.