SPAC and New Issue ETF (NASDAQ:SPCX) Sees Large Decrease in Short Interest

SPAC and New Issue ETF (NASDAQ:SPCX) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 7,400 shares, a decline of 32.1% from the December 31st total of 10,900 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 4.1 days.

SPAC and New Issue ETF Stock Down 0.4 %

SPCX traded down $0.09 on Friday, reaching $23.57. The company’s stock had a trading volume of 137 shares, compared to its average volume of 672. The stock has a 50 day moving average of $23.57 and a two-hundred day moving average of $23.58. SPAC and New Issue ETF has a fifty-two week low of $21.60 and a fifty-two week high of $23.99. The company has a market capitalization of $9.43 million, a price-to-earnings ratio of 33.73 and a beta of 0.05.

SPAC and New Issue ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were issued a dividend of $0.024 per share. The ex-dividend date of this dividend was Friday, December 27th.

SPAC and New Issue ETF Company Profile

The AXS SPAC and New Issue ETF (SPCX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that aims to provide a broad exposure to Special Purpose Acquisitions Corporations (SPACs) and newly-listed firms. SPCX was launched on Dec 16, 2020 and is managed by AXS Investments.