SPAC and New Issue ETF (NASDAQ:SPCX) Stock Price Down 0.2% – What’s Next?

SPAC and New Issue ETF (NASDAQ:SPCX)’s stock price was down 0.2% during mid-day trading on Friday . The company traded as low as $21.87 and last traded at $21.8750. Approximately 61 shares changed hands during trading, a decline of 93% from the average daily volume of 830 shares. The stock had previously closed at $21.92.

SPAC and New Issue ETF Price Performance

The company has a market capitalization of $7 million, a price-to-earnings ratio of 142.96 and a beta of 0.05. The business’s 50-day moving average price is $21.89 and its two-hundred day moving average price is $23.98.

SPAC and New Issue ETF Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.4858 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a yield of 222.0%.

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.