Shares of SPAC and New Issue ETF (NASDAQ:SPCX – Get Free Report) were up 0.3% on Wednesday . The stock traded as high as $21.85 and last traded at $21.8150. Approximately 2,016 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 1,257 shares. The stock had previously closed at $21.75.
SPAC and New Issue ETF Stock Performance
The firm has a market cap of $7.64 million, a P/E ratio of 142.96 and a beta of 0.05. The company has a 50-day moving average of $23.92 and a 200 day moving average of $24.72.
SPAC and New Issue ETF Cuts Dividend
The company also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a $0.4858 dividend. This represents a dividend yield of 222.0%. The ex-dividend date was Wednesday, December 24th.
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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