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The Fund is an actively managed ETF & will at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of 100 million and companies that completed an IPO within the last two years. A SPAC is blank check company that has not yet merged with an operating company or even chosen a merger target. 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 and a warrant (or portion of a warrant) to purchase common stock. A warrant is a security that allows its holder to purchase a specified amount of common stock at a specified price for a specified time. The Fund may seek to sell warrants that it receives in connection with the purchase of a SPAC s units in order to generate additional returns for shareholders. The Fund may purchase units or shares of SPACs that completed an IPO within the last two years on a secondary market or during a SPACs IPO.
Axs Spac And New Issue ETF trades on the NASDAQ stock market under the symbol SPCX.
As of December 29, 2025, SPCX stock price declined to $21.71 with 313 million shares trading.
SPCX has a market cap of $7.60 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, SPCX traded as high as $26.61 and as low as $21.60.
SPCX has underperformed the market in the last year with a price return of +7.9% while the SPY ETF gained +15.4%. SPCX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.4% and -0.8%, respectively, while the SPY returned +4.1% and +1.0%, respectively.
SPCX support price is $21.61 and resistance is $22.02 (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 SPCX shares will trade within this expected range on the day.
