SPAC and New Issue ETF (NASDAQ:SPCX) Trading Down 3.2% – Here’s Why

SPAC and New Issue ETF (NASDAQ:SPCXGet Free Report) traded down 3.2% during trading on Tuesday . The stock traded as low as $23.91 and last traded at $23.14. 250 shares traded hands during trading, a decline of 81% from the average session volume of 1,349 shares. The stock had previously closed at $23.91.

SPAC and New Issue ETF Price Performance

The company has a market cap of $9.71 million, a PE ratio of 33.13 and a beta of 0.05. The stock’s 50-day moving average is $23.69 and its 200 day moving average is $23.62.

About SPAC and New Issue ETF

(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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