SPC Stock Summary and Trading Ideas (Crossingbridge Pre-Merger Spac ETF | NASDAQ:SPC)

The Fund is an actively managed exchange-traded fund ( ETF ) that under normal market conditions will invest at least 80% of its net assets, plus borrowings for investment purposes, in shares of common stock and units of Special Purpose Acquisitions Companies ( SPACs ) that have yet to consummate a shareholder-approved merger or business combination. The Fund seeks to invest in publicly-traded SPACs that at the time of purchase are trading at or below the SPAC s pro rata trust account value. The Fund will invest in SPACs that have a minimum total market capitalization of $100 million at the time of purchase by the Fund. The Fund will invest primarily in U.S.-listed SPACs, and may also invest in SPACs that are domiciled or listed outside of the U.S., including SPACs listed in Canada, the Cayman Islands, Bermuda and the Virgin Islands.

Crossingbridge Pre-Merger Spac ETF trades on the NASDAQ stock market under the symbol SPC.

As of January 6, 2025, SPC stock price declined to $20.66 with 8,675 million shares trading.

SPC has a beta of 0.01, meaning it tends to be less sensitive to market movements. SPC has a correlation of 0.00 to the broad based SPY ETF.

SPC has a market cap of $64.46 million. This is considered a Micro Cap stock.

In the last 3 years, SPC traded as high as $22.14 and as low as $19.96.

SPC has underperformed the market in the last year with a return of +8.0%, while SPY returned +28.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SPC shares. However, SPC has outperformed the market in the last 3 month and 2 week periods, returning +4.5% and +3.7%, while SPY returned +4.2% and +0.1%, respectively. This indicates SPC has been having a stronger performance recently.

SPC support price is $20.64 and resistance is $20.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPC shares will trade within this expected range on the day.