CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Stock Price Up 1% – Here’s Why

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPCGet Free Report) shares were up 1% on Wednesday . The company traded as high as $19.00 and last traded at $18.98. Approximately 3,842 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 16,750 shares. The stock had previously closed at $18.79.

CrossingBridge Pre-Merger SPAC ETF Trading Up 1.0%

The firm has a market capitalization of $14.61 million, a price-to-earnings ratio of 49.04 and a beta of 0.02. The stock’s 50-day moving average is $20.08 and its 200-day moving average is $21.12.

CrossingBridge Pre-Merger SPAC ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $2.6704 per share. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On CrossingBridge Pre-Merger SPAC ETF

A hedge fund recently raised its stake in CrossingBridge Pre-Merger SPAC ETF stock. Crossingbridge Advisors LLC increased its position in shares of CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPCFree Report) by 196.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,416 shares of the company’s stock after acquiring an additional 32,750 shares during the period. Crossingbridge Advisors LLC owned about 3.63% of CrossingBridge Pre-Merger SPAC ETF worth $1,059,000 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.

Further Reading

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