RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) Short Interest Up 150.3% in May

RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 14,709 shares, a growth of 150.3% from the May 14th total of 5,876 shares. Currently, 7.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,495 shares, the days-to-cover ratio is currently 9.8 days.

RiverNorth Enhanced Pre-Merger SPAC ETF Stock Up 0.2%

SPCZ opened at $26.22 on Friday. The firm has a market capitalization of $5.11 million, a P/E ratio of 58.23 and a beta of -0.02. The stock’s 50 day moving average price is $25.82 and its two-hundred day moving average price is $26.15. RiverNorth Enhanced Pre-Merger SPAC ETF has a 12-month low of $24.83 and a 12-month high of $29.01.

About RiverNorth Enhanced Pre-Merger SPAC ETF

The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that holds US-listed, small- and mid-cap pre-combination SPAC securities. SPCZ was launched on Jul 11, 2022 and is managed by RiverNorth.