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

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

RiverNorth Enhanced Pre-Merger SPAC ETF Price Performance

RiverNorth Enhanced Pre-Merger SPAC ETF stock opened at $26.22 on Friday. The firm has a 50-day moving average of $25.82 and a 200-day moving average of $26.15. RiverNorth Enhanced Pre-Merger SPAC ETF has a one year low of $24.83 and a one year high of $29.01. The company has a market cap of $5.11 million, a price-to-earnings ratio of 58.23 and a beta of -0.02.

RiverNorth Enhanced Pre-Merger SPAC ETF Company Profile

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.