Short Interest in SPAC and New Issue ETF (NASDAQ:SPCX) Rises By 45.3%

SPAC and New Issue ETF (NASDAQ:SPCX) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 10,900 shares, an increase of 45.3% from the December 15th total of 7,500 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 6.1 days.

SPAC and New Issue ETF Stock Performance

NASDAQ:SPCX traded up $0.02 during trading hours on Thursday, hitting $23.51. 473 shares of the company’s stock traded hands, compared to its average volume of 677. The stock’s fifty day moving average price is $23.58 and its two-hundred day moving average price is $23.56. The firm has a market cap of $9.40 million, a P/E ratio of 33.73 and a beta of 0.05. SPAC and New Issue ETF has a twelve month low of $21.60 and a twelve month high of $23.99.

SPAC and New Issue ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were given a $0.024 dividend. The ex-dividend date 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.