Industry description
The investment seeks to preserve capital and provide incremental total return.
Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U.S.-listed special purpose acquisition companies (“SPACs”). In seeking to achieve the fund’s investment objective, the sub-adviser will monitor the fund’s portfolio and adjust positions based on changes in expectations of the investments or the availability of better alternatives. At least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Pre-Merger SPACs. The fund is non-diversified.
Market Cap
The average market capitalization across the RiverNorth Ehd PMgr SPAC ETF ETF is 259.91M. The market cap for tickers in the group ranges from 2.64M to 2.38B. CUB holds the highest valuation in this group at 2.38B. 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 RiverNorth Ehd PMgr SPAC ETF ETF was 198%. For the same ETF, the average monthly price growth was 198%, and the average quarterly price growth was 213%. CEP experienced the highest price growth at 56%, while FACTU experienced the biggest fall at -2%.
Volume
The average weekly volume growth across all stocks in the RiverNorth Ehd PMgr SPAC ETF ETF was 159%. For the same stocks of the ETF, the average monthly volume growth was 1,466% and the average quarterly volume growth was 1,531%
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: 64
Price Growth Rating: 49
SMR Rating: 85
Profit Risk Rating: 98
Seasonality Score: 54 (-100 ... +100)