Short Interest in SPAC and New Issue ETF (NASDAQ:SPCK) Declines By 47.0%

SPAC and New Issue ETF (NASDAQ:SPCK) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 14,156 shares, a decrease of 47.0% from the May 31st total of 26,731 shares. Based on an average trading volume of 16,830 shares, the days-to-cover ratio is currently 0.8 days. Currently, 4.4% of the shares of the stock are sold short.

SPAC and New Issue ETF Stock Performance

SPCK traded down $0.04 during trading on Thursday, hitting $22.13. 356 shares of the company traded hands, compared to its average volume of 3,623. The stock has a 50-day moving average price of $22.17. SPAC and New Issue ETF has a 1 year low of $21.32 and a 1 year high of $26.40.

SPAC and New Issue ETF (NASDAQ: SPCK) is an exchange-traded fund designed to provide investors with exposure to companies that have recently gone public, including special purpose acquisition companies and other new issues. The fund seeks to track a rules-based index focused on newly listed U.S. equities, giving investors a way to access a segment of the market that can be characterized by early-stage growth opportunities and higher volatility.

The ETF primarily invests in securities that have recently completed an initial public offering or SPAC transaction, and it may also hold related cash equivalents or short-term instruments as part of its portfolio management approach.