Short Interest in SPAC and New Issue ETF (NASDAQ:SPCK) Decreases By 47.0%

SPAC and New Issue ETF (NASDAQ:SPCK) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 14,156 shares, a drop of 47.0% from the May 31st total of 26,731 shares. Currently, 4.4% of the company’s shares are short sold. Based on an average daily trading volume, of 16,830 shares, the short-interest ratio is presently 0.8 days.

SPAC and New Issue ETF Stock Performance

SPCK opened at $22.16 on Tuesday. SPAC and New Issue ETF has a one year low of $21.32 and a one year high of $26.40. The firm has a 50 day simple moving average of $22.17.

SPAC and New Issue ETF (NASDAQ: SPCK) is an exchange-traded fund designed to provide investors with exposure to companies that have recently gone public, including special purpose acquisition companies and other new issues. The fund seeks to track a rules-based index focused on newly listed U.S. equities, giving investors a way to access a segment of the market that can be characterized by early-stage growth opportunities and higher volatility.

The ETF primarily invests in securities that have recently completed an initial public offering or SPAC transaction, and it may also hold related cash equivalents or short-term instruments as part of its portfolio management approach.