SPAC and New Issue ETF (NASDAQ:SPCX – Get Free Report)’s share price rose 0.3% on Wednesday . The stock traded as high as $21.85 and last traded at $21.8150. Approximately 2,016 shares traded hands during 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 Up 0.3%
The company’s fifty day moving average price is $23.92 and its two-hundred day moving average price is $24.72. The company has a market cap of $7.64 million, a price-to-earnings ratio of 142.96 and a beta of 0.05.
SPAC and New Issue ETF Cuts Dividend
The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a dividend of $0.4858 per share. This represents a yield of 222.0%. The ex-dividend date of this dividend 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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