Defiance Next Gen SPAC Derived ETF (SPAK)

NYSEARCA: SPAK · IEX Real-Time Price · USD
14.68
-0.02 (-0.14%)
Aug 9, 2022 9:30 AM EDT - Market open
-0.14%
Assets $16.91M
NAV $14.70
Expense Ratio 0.45%
PE Ratio n/a
Shares Out 1.15M
Dividend (ttm) $0.05
Dividend Yield 0.32%
Ex-Dividend Date Dec 29, 2021
1-Year Return -37.61%
Volume 322
Open 14.68
Previous Close 14.70
Day's Range 14.68 - 14.68
52-Week Low 12.89
52-Week High 25.75
Beta 1.04
Holdings 269
Inception Date Sep 30, 2020

About SPAK

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. The fund invests at least 80% of its net assets in SPACs and SPAC-derived companies. The fund is non-diversified.

Asset Class Equity
Region North America
Issuer Defiance ETFs
Stock Exchange NYSEARCA
Ticker Symbol SPAK
Index Tracked Indxx SPAC & NextGen IPO Index

Top 10 Holdings

20.97% of assets
Name Symbol Weight
Lucid Group LCID 4.27%
Pagaya Technologies PGY 2.99%
Grab Holdings GRAB 2.77%
SoFi Technologies SOFI 2.28%
MP Materials MP 1.96%
Blue Owl Capital OWL 1.50%
KKR Acquisition Holdings I KAHC 1.34%
Churchill Capital VII CVII 1.33%
Austerlitz Acquisition II ASZ 1.33%
QuantumScape QS 1.20%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Dec 29, 2021 $0.04699 Dec 31, 2021
Full Dividend History

News

2021 Likely to be a Record Year for IPOs: ETFs to Win

The global market for initial public offerings was off to a great start this year and is still running hot. 2021 is on its way to become the record year for IPOs.

Other symbols: IPOIPOS

Yield Focused Premerger SPAC ETF Debuts

CrossingBridge Advisors believes it can find short-term yields higher than government bonds.

Other symbols: SPCXSPXZ

Market Outlook & Thematic ETF Ideas for Q4

We discuss 5G, Quantum Computing, Hydrogen & SPAC ETFs.

2021 to be a Record Year for IPOs? ETFs in Focus

The global market for initial public offerings was off to a great start this year and is still running hot. There have been 250 IPOs priced this year, up 190.7% from last year.

Other symbols: IPOIPOS

ETF Edge, July 12, 2021

CNBC's Bob Pisani tracks the latest headlines in exchange-traded funds with WisdomTree's Jeremy Schwartz, WallachBeth Capital's Andrew McOrmond and Morgan Creek Capital Management's Mark Yusko.

Other symbols: SPCXSPXZVTWGRO

IPOs See Best Q2 in 2 Decades: ETFs to Ride the Boom

The U.S. IPO market set another milestone in the second quarter with 113 IPOs raising $39.9 billion, marking the busiest quarter in over two decades.

Other symbols: FPXIPOSPCXSPXZ

U.S. IPO Market Sizzles: ETFs to Bet On

Some of the blockbuster IPOs of this year include South Korean e-commerce firm Coupang, cybersecurity firm Darktrace, and cryptocurrency exchange Coinbase Global.

Other symbols: FPXIPOSPCXSPXZ

2nd Pre-Merger SPAC ETF Launches

It's the first ETF product for fixed income group Robinson Capital.

Other symbols: SPCXSPXZSPAX

ETFs to Tap the Booming U.S. IPO Market

The U.S. IPO raised $171 billion so far this year, surpassing last year's record of $168 billion and breaking the annual 2020 record within less than six months.

Other symbols: FPXIPOSPCXSPXZ

20 SPACs to Buy During the ‘SPAC Splat' for Long-Term Wealth

Most investors out there are now choosing to forget entirely about the SPAC market, and are writing off SPAC stocks as “dead money.” To be frank, those investors are suckers.

Other symbols: DKNGSPCE

High Flying ETFs Reverse Course

From 'ARKK' to 'SPAK' to 'IPO,' these once-hot ETFs have noticeably cooled.

Other symbols: ARKGARKKARKWFPXIPOSPCX

Watch Out, Chamath Palihapitiya! The SEC Is About to Pop the SPAC Stocks Bubble

New guidance from the SEC will tighten up accounting for SPAC stocks, putting an end to bold guidance and rosy valuations. The post Watch Out, Chamath Palihapitiya!

Best SPAC ETFs for 2021

What's better than getting in on the ground floor of the hottest companies? Getting in on the ground floor of multiple.

Other symbols: SPCXSPXZ

7 SPACs From 2020 Still Holding Strong

Hundreds of SPACs have gone public in the past year. That said, here are seven of the best SPACs that deserve your attention right now.

Other symbols: AHCODKNGOPENQSSKLZSPCE

Gambling on SPACs? Diversify With These 3 SPAC ETFs

SPACs generally are early-stage, sometimes pre-revenue companies. That alone supports a basket approach provided by these SPAC ETFs.

Other symbols: SPCXSPXZ

Record Q1 for Global IPOs? ETFs in Focus

The global market for initial public offerings is on its way to see its biggest-ever first quarter.

Other symbols: IPOIPOS

SPAC ETF Brew Grows Frothy

Investors should tread carefully when it comes to one of the frothiest parts of the market.

Other symbols: SPCX

Are SPACs Losing Fervor? An Inverse ETF in the Making

Tuttle Tactical Management recently filed for an inverse ETF on SPACs.

Other symbols: SPCESPCXSPXZ

The Blank-Check Boom: ‘SPAK' Hits $100 Million in AUM

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.

The First SPAC ETF (SPAK) Hits $100 Million

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...

Battle Of 3 SPAC ETFs

Choose your flavor of SPAC access: index-based, SPAC-only active or active equal weight.

Other symbols: IPOSPCXSPXZ

SPXZ, SPAK, SPCX: 3 SPAC ETFs Taking Part in Wall Street's Hottest Trend

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 ...

Other symbols: SPCXSPXZ

3 ETFs to Play the SPAC Mania

These ETFs provide diversified exposure to SPACs

Other symbols: SPCESPCX

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.

Other symbols: IPOSPCX

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.

Other symbols: SPCX