SPAC and New Issue ETF (NASDAQ:SPCK – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,156 shares, a decline of 47.0% from the May 31st total of 26,731 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average trading volume of 16,830 shares, the short-interest ratio is currently 0.8 days.
SPAC and New Issue ETF Trading Up 0.9%
SPAC and New Issue ETF stock traded up $0.20 during mid-day trading on Wednesday, reaching $22.16. 1,167 shares of the company were exchanged, compared to its average volume of 3,649. SPAC and New Issue ETF has a twelve month low of $21.32 and a twelve month high of $26.40. The stock has a 50-day moving average price of $22.17.
The ETF primarily invests in securities that have recently completed an initial public offering or SPAC transaction, and it may also hold related cash equivalents or short-term instruments as part of its portfolio management approach.
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