Industry description
The investment seeks to provide total return.
The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) 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 or appropriate ETFs 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 742.51M. The market cap for tickers in the group ranges from 2.64M to 6.19B. SAIL holds the highest valuation in this group at 6.19B. The lowest valued company is SIMA at 2.64M.
High and low price notable news
The average weekly price growth across all stocks in the SPAC and New Issue ETF ETF was 16%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 9%. CCIRU experienced the highest price growth at 3%, while DHAI experienced the biggest fall at -5%.
Volume
The average weekly volume growth across all stocks in the SPAC and New Issue ETF ETF was 1%. For the same stocks of the ETF, the average monthly volume growth was 39% and the average quarterly volume growth was 159%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 63
P/E Growth Rating: 62
Price Growth Rating: 63
SMR Rating: 83
Profit Risk Rating: 95
Seasonality Score: 52 (-100 ... +100)