Short Interest in SPAC and New Issue ETF (NASDAQ:SPCX) Increases By 45.3%

SPAC and New Issue ETF (NASDAQ:SPCX) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 10,900 shares, an increase of 45.3% from the December 15th total of 7,500 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is currently 6.1 days.

SPAC and New Issue ETF Trading Up 0.1 %

SPCX stock traded up $0.02 during mid-day trading on Thursday, hitting $23.51. The stock had a trading volume of 473 shares, compared to its average volume of 677. The stock has a market capitalization of $9.40 million, a price-to-earnings ratio of 33.73 and a beta of 0.05. SPAC and New Issue ETF has a 1-year low of $21.60 and a 1-year high of $23.99. The company has a fifty day moving average of $23.58 and a 200 day moving average of $23.56.

SPAC and New Issue ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were given a dividend of $0.024 per share. The ex-dividend date was Friday, December 27th.

About SPAC and New Issue ETF

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.