Morgan Creek-exos SPAC Originated ETF (SPXZ)
|Ex-Dividend Date||Dec 28, 2021|
|Day's Range||10.98 - 11.01|
|Inception Date||Jan 20, 2021|
The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily in U.S.-listed special purpose acquisition companies (SPACs) and in companies that have merged with or been acquired by a SPAC. A SPAC is a blank check company with no commercial operations that is designed to raise capital via an initial public offering (IPO) for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination (a Combination) with one or more operating companies. The fund is non-diversified.
|Dec 28, 2021||$0.0784||Dec 30, 2021|
The closure is the industry's first within the special purpose acquisition company category.
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.
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.
SPACs generally are early-stage, sometimes pre-revenue companies. That alone supports a basket approach provided by these SPAC ETFs.
Tuttle Tactical Management recently filed for an inverse ETF on SPACs.
SPAC vehicle of choice for companies of the future: EXOS CEO
Brady Dougan discusses the EXOS SPAC ETF offering.
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 ...