SPAK - Defiance Next Gen SPAC Derived ETF
|Trading Day||April 21|
|Day's Range||23.77 - 24.69|
|52-Week Range||22.15 - 35.08|
The investment seeks to track the total return performance, before fees and expenses, of the Indxx SPAC & NextGen IPO Index. The index tracks the performance of the U.S.-listed common stock of Special Purpose Acquisitions Corporations ("SPACs") and companies derived from SPACs. SPACs are companies with no commercial operations that are established solely to raise capital from investors for the purpose of acquiring one or more operating businesses. It invests at least 80% of its net assets in SPACs and SPAC-derived companies. The fund is non-diversified.
|Asset Class |
|Inception Date |
Sep 30, 2020
|Ticker Symbol |
|Index Tracked |
Indxx SPAC & NextGen IPO Index
Top 10 Holdings35.89% of assets
|Pershing Square Tontine Holdings||PSTH||4.53%|
|Churchill Capital Corp. IV||CCIV||3.13%|
|Open Lending Corp.||LPRO||1.82%|
SPACs generally are early-stage, sometimes pre-revenue companies. That alone supports a basket approach provided by these SPAC ETFs.
Investors should tread carefully when it comes to one of the frothiest parts of the market.
Tuttle Tactical Management recently filed for an inverse ETF on SPACs.
Special purpose acquisition companies (SPACs) have been around for about three decades, but seriously came into bloom in 2020. Still, stock picking among individual blank-check firms is difficult.
NEW YORK, Feb. 11, 2021 /PRNewswire/ -- The First Ever SPAC ETF ($SPAK) Surpasses $100M in AUM. Defiance, a FinTech asset manager focused on the next generation of investors, announced today that the Fi...
As SPACs start to captivate Redditors and other day traders, investors should consider these three SPAC ETFs to profit from the leading trend. The post SPXZ, SPAK, SPCX: 3 SPAC ETFs Taking Part in Wall ...
Unpacking the newest SPAC ETF with the man behind its launch
Mark Yusko, CEO, chief investment officer and founder of Morgan Creek Capital Management, discusses his firm's latest SPAC ETF. With Morningstar's Ben Johnson and CNBC's Bob Pisani.
Behind the new actively-managed SPAC ETF launch
CNBC's Bob Pisani talks with Mark Yusko of Morgan Creek Capital Management about the new SPAC ETF, SPXZ.
IPO ETF may fell on Dec 9 on broader market concerns, the prospect looks pretty upbeat.
The year ahead will see a spate of public market newcomers, possibly including SpaceX, Waymo and Instacart, says Renaissance Capital's Kathleen Smith.
What could lie store for IPOs and SPACs in 2021: ETF analysts
Renaissance Capital Chairman and co-founder Kathleen Smith and Defiance ETFs President Paul Dellaquila share their 2021 outlook for IPOs and SPACs. With CNBC's Bob Pisani.
Why this investor says SpaceX could go public in 2021
CNBC's Bob Pisani talks with Kathleen Smith, chairman and co-founder of Renaissance Capital, and Paul Dellaquila of Defiance ETFs about what they think of Airbnb and Doordash IPOs and what may be next f...
Before you get into the crazy world of SPAC investing, it's smart to have a plan. Here are seven tips to balance long- and short-term goals.
The fourth quarter of this year could be ruled by tech IPOs.
When SPACs don't go to plan
CNBC's David Faber runs through some of the most talked about companies to go public through a SPAC in 2020.
Competition is fierce in the exchange-traded fund (ETF) landscape and differentiation is important for providers seeking to separate themselves from the masses. One trend that's catching fire is special...
Defiance ETFs President Paul Dellaquila breaks down his firm's new SPAC ETF as the growing theme captures more investors' attention.
SPACs and 5G: Defiance ETFs president breaks down two of his firm's hottest funds
Paul Delaquilla, president and global head of ETFs at Defiance ETFs, Andrew McOrmond, managing director at WallachBeth Capital, and Tom Lydon, CEO of ETF Trends and ETF Database, talk SPACs and 5G as in...
These days, special purpose acquisition companies (SPACs) are all the rage. Thanks to the newly minted Defiance Next Gen SPAC Derived ETF (NYSEARCA:SPAK), there’s now an exchange traded fund dedicated t...
Of course SPACs got their own fund thanks to the SPAK ETF, but this new product has perks and some proving to do. The post SPAK ETF Arrives in Time to Capitalize on Blank-Check Moment appeared first on ...
Hundreds of IPOs and SPACs have come on the market this year but how do you know which ones to buy?
Given the recent resurgence in blank check companies, Defiance ETFs recently launched a fund on SPACs. The ETF is worth a bet as SPAC-led deals are likely to surge in the near term.
In an ETF landscape that’s growing every year, providers need to offer products to help differentiate themselves from the masses. For Defiance ETFs, they created a new fund that focuses on special purpo...
An ETF based on special purpose acquisition companies that trades on a U.S. exchange is now available to investors for the first time. About The New ETF: The Defiance NextGen SPAC IPO ETF (NYSE: SPAK) ...