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 178.5M. The market cap for tickers in the group ranges from 53.13M to 660M. AACT holds the highest valuation in this group at 660M. The lowest valued company is DECA at 53.13M.
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 0%, and the average quarterly price growth was 2%. ALCY experienced the highest price growth at 12%, while TMTC experienced the biggest fall at -20%.
Volume
The average weekly volume growth across all stocks in the CrossingBridge Pre-Merger SPAC ETF ETF was 207%. For the same stocks of the ETF, the average monthly volume growth was 216% and the average quarterly volume growth was 97%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 56
P/E Growth Rating: 86
Price Growth Rating: 53
SMR Rating: 88
Profit Risk Rating: 100
Seasonality Score: 55 (-100 ... +100)