SPAC and New Issue ETF (NASDAQ:SPCX – Get Free Report) rose 1.8% during mid-day trading on Friday . The company traded as high as $25.43 and last traded at $25.36. Approximately 8,092 shares were traded during mid-day trading, an increase of 492% from the average daily volume of 1,366 shares. The stock had previously closed at $24.92.
SPAC and New Issue ETF Stock Performance
The stock has a market cap of $9.64 million, a P/E ratio of 93.13 and a beta of 0.05. The stock’s fifty day simple moving average is $24.34 and its 200-day simple moving average is $23.88.
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.
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