ETFResearchU.S. exchange-traded fund data
Home › ETFs › Other › SPCK
SPCK

SPAC and New Issue ETF

OtherNASDAQ-GMSPAC ETF
$22.78
$-0.17 (-0.74%)
Delayed ≥20 min · Sep 1, 2026

Key Statistics

Net Assets (AUM)
$8.55M
Expense Ratio
See prospectus
Previous Close
$22.95
Day Range
- – -
52-Week Range
$21.32 – $25.95
Volume
537
Avg Vol (50D)
6.10K
Beta
0.10

Historical Performance

1M
+3.20%
3M
+2.10%
6M
+4.68%
YTD
+4.58%
1Y
+7.71%
3Y
+14.65%
5Y
-4.03%

Total return including reinvested distributions, from adjusted closing prices.

Price History

Price history is being compiled for this fund.

Top Holdings

Detailed holdings are compiled from each fund’s latest SEC N-PORT portfolio filing.

About SPCK

TheFund is an actively managed exchange traded fund (“ETF”). In pursuing the Fund’s investment objective, the Fundwill invest at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special PurposeAcquisitions Companies (“SPACs”) that have a minimum capitalization of $100 million and companies that completed aninitial public offering (“IPO”) within the last two years. A SPAC is a blank check company that has not yet mergedwith an operating company. SPACs are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase,reorganization or similar business combination with one or more businesses. SPACs often have pre-determined time frames to merge(typically two years) or the SPAC will liquidate. A SPAC generally offers units, each comprised of one share of common stock anda warrant (or portion of a warrant) to purchase common stock. A warrant is a security that allows its holder to purchase a specifiedamount of common stock at a specified price for a specified time. The Fund may seek to sell warrants that it receives in connectionwith the purchase of a SPAC’s units in order to generate additional returns for shareholders. The Fund may purchase unitsor shares of SPACs that have completed an IPO within the last two years on a secondary market or during a SPAC’s IPO. ASPAC that has completed a business transaction within the last two-years is considered a company that has completed an IPO withinthe last two-years. The Fund may enter into swap agreements on publicly traded SPACs and individual U.S. equities of any marketcapitalization that have completed an initial public offering within the last two-years. The Fund utilizes swap agreements inorder to receive the returns associated with owning a SPAC or company that completed an initial public offering within the lasttwo-years without the cost associated with directly investing in the SPAC or company. The Fund will utilize swap agreements toincrease leverage in the Fund’s investments. TheFund may also invest in depositary receipts or appropriate ETFs for cash management purposes or due to a lack of suitable investmentopportunities, the Fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities. TheAdviser utilizes fundamental analysis to identify investment opportunities with favorable attributes, to evaluate industry dynamics,measure the strength of the business model and management skill. The Adviser will perform research and due diligence on the SPACsponsors or management teams. The Adviser’s evaluation of the sponsor will include the sponsor’s history in allocatingcapital, securing financing, experience managing public companies, and background in the area/industry where the SPAC is searchingfor a business combination. The Adviser may sell a position when a SPAC either announces a business combination or the price increases.In managing the Fund’s portfolio, the Adviser will engage in frequent trading, resulting in a high portfolio turnover rate.

SPCK News

Data for SPCK is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.