SPAC and New Issue ETF (NASDAQ:SPCX) Short Interest Down 32.1% in January

SPAC and New Issue ETF (NASDAQ:SPCX) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 7,400 shares, a drop of 32.1% from the December 31st total of 10,900 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 4.1 days.

SPAC and New Issue ETF Trading Down 0.4 %

NASDAQ SPCX traded down $0.09 during trading hours on Friday, reaching $23.57. The company had a trading volume of 137 shares, compared to its average volume of 672. The stock has a market capitalization of $9.43 million, a P/E ratio of 33.73 and a beta of 0.05. The stock has a 50-day moving average of $23.57 and a 200 day moving average of $23.58. SPAC and New Issue ETF has a 1-year low of $21.60 and a 1-year high of $23.99.

SPAC and New Issue ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were issued a $0.024 dividend. The ex-dividend date was Friday, December 27th.

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.