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 17, 2025, SPC stock price climbed to $20.73 with 10,121 million shares trading.

SPC has a market cap of $60.53 million. This is considered a Micro Cap stock.

In the last 3 years, SPC traded as high as $22.14 and as low as $19.08.

SPC has underperformed the market in the last year with a price return of +8.3% while the SPY ETF gained +28.0%. However, in the short term, SPC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.9% vs +3.0% return in SPY. But in the last 2 weeks, SPC shares have been beat by the market, returning +0.2% compared to an SPY return of +1.0%.

SPC support price is $20.67 and resistance is $20.77 (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.