SPAQ Stock Summary and Trading Ideas (Horizon Kinetics Spac Active ETF | NASDAQ:SPAQ)

Horizon Kinetics SPAC Active is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective primarily by investing, under normal circumstances, in special purpose acquisition companies ("SPACs"). A SPAC (also known as a "blank check" company) is an investment vehicle 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 to be identified subsequent to the SPAC's IPO. SPACs are often used as a vehicle to transition a company from private to publicly traded as an alternative to a more traditional direct IPO by a private company.

Horizon Kinetics Spac Active ETF trades on the NASDAQ stock market under the symbol SPAQ.

As of March 19, 2025, SPAQ stock price was flat at $100.33 with 50 million shares trading.

SPAQ has a market cap of $16.80 million. This is considered a Sub-Micro Cap stock.

SPAQ has underperformed the market in the last year with a return of +8.4%, while SPY returned +11.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SPAQ shares. However, SPAQ has outperformed the market in the last 3 month and 2 week periods, returning +5.1% and +0.7%, while SPY returned -2.9% and -1.7%, respectively. This indicates SPAQ has been having a stronger performance recently.

SPAQ support price is $99.96 and resistance is $100.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPAQ shares will trade within this expected range on the day.