SPAC and New Issue ETF (NASDAQ:SPCX) Stock Price Down 0% – Here’s What Happened

SPAC and New Issue ETF (NASDAQ:SPCX)’s share price was down 0% on Thursday . The stock traded as low as $21.84 and last traded at $21.8450. Approximately 418 shares were traded during trading, a decline of 59% from the average daily volume of 1,030 shares. The stock had previously closed at $21.85.

SPAC and New Issue ETF Price Performance

The business has a fifty day moving average price of $22.69 and a 200 day moving average price of $24.30. The company has a market capitalization of $6.99 million, a price-to-earnings ratio of 142.96 and a beta of 0.05.

SPAC and New Issue ETF Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a dividend of $0.4858 per share. This represents a dividend yield of 222.0%. The ex-dividend date was Wednesday, December 24th.

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.