Shares of SPAC and New Issue ETF (NASDAQ:SPCX – Get Free Report) dropped 0.3% on Wednesday . The stock traded as low as $25.36 and last traded at $25.4250. Approximately 536 shares were traded during trading, a decline of 55% from the average daily volume of 1,204 shares. The stock had previously closed at $25.49.
SPAC and New Issue ETF Price Performance
The company has a market capitalization of $8.90 million, a price-to-earnings ratio of 142.96 and a beta of 0.05. The stock’s fifty day simple moving average is $25.49 and its two-hundred day simple moving average is $25.23.
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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