Industry description
The investment seeks to provide total returns consistent with the preservation of capital.
The fund is an actively managed exchange-traded fund (“ETF”) that under normal market conditions will invest at least 80% of its net assets, plus borrowings for investment purposes, in shares of common stock and units of Special Purpose Acquisition Companies (“SPACs”) that have yet to consummate a shareholder-approved merger or business combination. The fund seeks to invest in publicly-traded SPACs that at the time of purchase are trading at or below the SPAC’s pro rata trust account value. The fund is non-diversified.
Market Cap
The average market capitalization across the CrossingBridge Pre-Merger SPAC ETF ETF is 173.15M. The market cap for tickers in the group ranges from 43.29M to 255.05M. PLAO holds the highest valuation in this group at 255.05M. The lowest valued company is MLAC at 43.29M.
High and low price notable news
The average weekly price growth across all stocks in the CrossingBridge Pre-Merger SPAC ETF ETF was -0%. For the same ETF, the average monthly price growth was -9%, and the average quarterly price growth was -6%. TLGYF experienced the highest price growth at 2%, while IROH experienced the biggest fall at -22%.
Volume
The average weekly volume growth across all stocks in the CrossingBridge Pre-Merger SPAC ETF ETF was -6%. For the same stocks of the ETF, the average monthly volume growth was -71% and the average quarterly volume growth was 107%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 76
P/E Growth Rating: 48
Price Growth Rating: 53
SMR Rating: 89
Profit Risk Rating: 98
Seasonality Score: 50 (-100 ... +100)