Industry description
The investment seeks to provide total return.
Under normal circumstances, at least 80% of the fund’s net assets (plus borrowings for investment purposes) will be invested in units and shares of Special Purpose Acquisitions Companies (“SPACs”) that have a minimum capitalization of $100 million and companies that completed an initial public offering (“IPO”) within the last two years. The fund may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.
Market Cap
The average market capitalization across the SPAC and New Issue ETF ETF is 106.45M. The market cap for tickers in the group ranges from 16.97M to 307.89M. HYAC holds the highest valuation in this group at 307.89M. The lowest valued company is TRUG at 16.97M.
High and low price notable news
The average weekly price growth across all stocks in the SPAC and New Issue ETF ETF was -0%. For the same ETF, the average monthly price growth was 0%, and the average quarterly price growth was 1%. TRUG experienced the highest price growth at 7%, while DHAI experienced the biggest fall at -23%.
Volume
The average weekly volume growth across all stocks in the SPAC and New Issue ETF ETF was 8%. For the same stocks of the ETF, the average monthly volume growth was 347% and the average quarterly volume growth was 626%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 66
P/E Growth Rating: 54
Price Growth Rating: 57
SMR Rating: 90
Profit Risk Rating: 100
Seasonality Score: 50 (-100 ... +100)