RiverNorth Enhanced Pre-Merger SPAC ETF Declares Annual Dividend of $3.08 (BATS:SPCZ)

RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) declared an annual dividend on Tuesday, December 23rd. Shareholders of record on Wednesday, December 24th will be given a dividend of 3.0809 per share on Friday, December 26th. This represents a yield of 1,077.0%. The ex-dividend date is Wednesday, December 24th.

RiverNorth Enhanced Pre-Merger SPAC ETF Stock Performance

Shares of BATS:SPCZ traded up $0.02 during trading hours on Wednesday, hitting $28.61. The stock had a trading volume of 3 shares, compared to its average volume of 82. The stock’s fifty day simple moving average is $28.73 and its 200 day simple moving average is $28.29. The firm has a market capitalization of $5.58 million, a price-to-earnings ratio of 58.23 and a beta of -0.02. RiverNorth Enhanced Pre-Merger SPAC ETF has a 1-year low of $25.42 and a 1-year high of $28.53.

About RiverNorth Enhanced Pre-Merger SPAC ETF

The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that holds US-listed, small- and mid-cap pre-combination SPAC securities. SPCZ was launched on Jul 11, 2022 and is managed by RiverNorth.