SPAC and New Issue ETF (NASDAQ:SPCK) Short Interest Update

SPAC and New Issue ETF (NASDAQ:SPCK) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 15,676 shares, a growth of 146.1% from the July 15th total of 6,369 shares. Approximately 4.1% of the company’s shares are short sold. Based on an average daily volume of 2,350 shares, the days-to-cover ratio is currently 6.7 days.

SPAC and New Issue ETF Trading Up 1.1%

Shares of SPCK stock opened at $22.37 on Friday. The company’s 50-day moving average price is $22.20. SPAC and New Issue ETF has a 12 month low of $21.32 and a 12 month high of $25.95.

SPAC and New Issue ETF (NASDAQ: SPCK) is an exchange-traded fund designed to provide investors with exposure to companies that have recently gone public, including special purpose acquisition companies and other new issues. The fund seeks to track a rules-based index focused on newly listed U.S. equities, giving investors a way to access a segment of the market that can be characterized by early-stage growth opportunities and higher volatility.

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.