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

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

SPAC and New Issue ETF Trading Down 1.9%

Shares of SPCX stock traded down $0.42 on Wednesday, hitting $21.84. 1,829 shares of the stock were exchanged, compared to its average volume of 1,260. The business has a 50-day moving average of $25.20 and a 200 day moving average of $25.14. SPAC and New Issue ETF has a fifty-two week low of $22.03 and a fifty-two week high of $26.61. The firm has a market capitalization of $7.64 million, a P/E ratio of 142.96 and a beta of 0.05.

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.