SPAC and New Issue ETF (NASDAQ:SPCX) Short Interest Up 300.0% in March

Posted by ABMN Staff on Apr 11th, 2024

SPAC and New Issue ETF (NASDAQ:SPCX – Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 34,000 shares, a growth of 300.0% from the March 15th total of 8,500 shares. Based on an average daily trading volume, of 341,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On SPAC and New Issue ETF

A hedge fund recently bought a new stake in SPAC and New Issue ETF stock. SkyView Investment Advisors LLC bought a new position in SPAC and New Issue ETF (NASDAQ:SPCX – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,601 shares of the company’s stock, valued at approximately $349,000. SkyView Investment Advisors LLC owned approximately 1.62% of SPAC and New Issue ETF at the end of the most recent reporting period.

SPAC and New Issue ETF Stock Performance

Shares of SPAC and New Issue ETF stock opened at $23.22 on Thursday. The business has a fifty day simple moving average of $23.17 and a 200-day simple moving average of $23.28. SPAC and New Issue ETF has a fifty-two week low of $21.60 and a fifty-two week high of $24.21.

SPAC and New Issue ETF Company Profile

(Get Free Report)

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.