Short Interest in SPAC and New Issue ETF (NASDAQ:SPCK) Increases By 146.1%

SPAC and New Issue ETF (NASDAQ:SPCK) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 15,676 shares, an increase of 146.1% from the July 15th total of 6,369 shares. Based on an average daily volume of 2,350 shares, the short-interest ratio is currently 6.7 days. Approximately 4.1% of the shares of the company are short sold.

SPAC and New Issue ETF Price Performance

Shares of SPCK traded up $0.24 during mid-day trading on Friday, hitting $22.37. The stock had a trading volume of 2,081 shares, compared to its average volume of 3,811. SPAC and New Issue ETF has a 52 week low of $21.32 and a 52 week high of $25.95. The stock’s fifty day moving average price is $22.20.

SPAC and New Issue ETF (NASDAQ: SPCK) is an exchange-traded fund designed to provide investors with exposure to companies that have recently gone public, including special purpose acquisition companies and other new issues. The fund seeks to track a rules-based index focused on newly listed U.S. equities, giving investors a way to access a segment of the market that can be characterized by early-stage growth opportunities and higher volatility.

The ETF primarily invests in securities that have recently completed an initial public offering or SPAC transaction, and it may also hold related cash equivalents or short-term instruments as part of its portfolio management approach.