SPAC and New Issue ETF (NASDAQ:SPCX – Get Free Report) shares dropped 3.2% on Tuesday . The company traded as low as $23.91 and last traded at $23.14. Approximately 250 shares were traded during trading, a decline of 81% from the average daily volume of 1,349 shares. The stock had previously closed at $23.91.
SPAC and New Issue ETF Stock Performance
The firm has a market capitalization of $9.71 million, a price-to-earnings ratio of 33.13 and a beta of 0.05. The firm’s 50 day simple moving average is $23.69 and its 200 day simple moving average is $23.62.
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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