SPAC and New Issue ETF Declares Annual Dividend of $0.49 (NASDAQ:SPCX)

SPAC and New Issue ETF (NASDAQ:SPCX) announced an annual dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 24th will be given a dividend of 0.4858 per share on Friday, December 26th. This represents a yield of 218.0%. The ex-dividend date of this dividend is Wednesday, December 24th.

SPAC and New Issue ETF Stock Down 1.9%

Shares of SPCX traded down $0.42 during trading hours on Wednesday, hitting $21.84. The company had a trading volume of 1,829 shares, compared to its average volume of 1,260. The firm has a market cap of $7.64 million, a P/E ratio of 142.96 and a beta of 0.05. SPAC and New Issue ETF has a 52-week low of $22.03 and a 52-week high of $26.61. The stock’s 50 day moving average price is $25.20 and its 200 day moving average price is $25.14.

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.