Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Declines By 72.2%

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 6,200 shares, a decrease of 72.2% from the February 29th total of 22,300 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 0.4 days.

CrossingBridge Pre-Merger SPAC ETF Stock Performance

Shares of NASDAQ:SPC traded down 0.04 during midday trading on Thursday, hitting 21.37. 22,300 shares of the company’s stock traded hands, compared to its average volume of 13,508. CrossingBridge Pre-Merger SPAC ETF has a twelve month low of 21.02 and a twelve month high of 22.14. The firm’s fifty day moving average price is 21.33 and its two-hundred day moving average price is 21.56. The company has a market cap of $70.52 million, a PE ratio of 33.41 and a beta of 0.03.

Hedge Funds Weigh In On CrossingBridge Pre-Merger SPAC ETF

An institutional investor recently bought a new position in CrossingBridge Pre-Merger SPAC ETF stock. JPMorgan Chase & Co. acquired a new stake in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,240 shares of the company’s stock, valued at approximately $26,000.

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.