SPAC and New Issue ETF (NASDAQ:SPCX) Trading Down 0.3% – Should You Sell?

SPAC and New Issue ETF (NASDAQ:SPCXGet Free Report) shares were down 0.3% during mid-day trading on Monday . The stock traded as low as $21.85 and last traded at $21.84. Approximately 1,887 shares traded hands during trading, an increase of 32% from the average daily volume of 1,431 shares. The stock had previously closed at $21.90.

SPAC and New Issue ETF Trading Up 0.0%

The business has a 50-day moving average price of $21.91 and a 200 day moving average price of $23.63. The stock has a market capitalization of $6.99 million, a P/E ratio of 142.96 and a beta of 0.05.

SPAC and New Issue ETF Company Profile

(Get Free Report)

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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