Shares of SPAC and New Issue ETF (NASDAQ:SPCX – Get Free Report) dropped 3.2% during mid-day trading on Tuesday . The company traded as low as $23.91 and last traded at $23.14. Approximately 250 shares traded hands during mid-day 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 Price Performance
The firm’s 50 day moving average price is $23.68 and its 200 day moving average price is $23.62. The stock has a market capitalization of $9.25 million, a P/E ratio of 33.13 and a beta of 0.05.
SPAC and New Issue ETF Cuts Dividend
The firm also recently declared a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were paid 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.
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