What is the symbol for The SPAC and New Issue ETF?
When did SPCX start trading?
December 16, 2020
Does SPCX track an index?
No, SPCX is actively managed.
Why is SPCX actively managed?
The SPAC market is rapidly changing and the portfolio management process, we believe, needs to reflect the dynamic nature of the SPAC industry. In our opinion, a rules-based & index approach is too constraining in order to deliver the type of returns we expect for this thematic portfolio.
Where can I see SPCX’s holdings?
Holdings can be viewed here.
What is the management fee for SPCX?
SPCX’s management fee is 0.95%
Where can I find the one-pager for SPCX?
The SPCX fact sheet can be found here.
On which exchange is SPCX listed?
It is listed on NYSE Arca.
How can I buy or sell SPCX?
What type of order should I use when trading SPCX?
While a limit order is the safest route, it may take longer for your order to get executed. If you have specific questions about a larger order size, please feel free to contact us.
Can I trade options on SPCX?
Yes! SPCX options were listed on January 13, 2021.
Can I short sell SPCX?
Yes, but it is best to check with your financial advisor first to understand the risks of shorting any ETF, not just SPCX.
What is a SPAC?
“SPAC” stands for Special Purpose Acquisition Company. Often referred to as a “blank check company”, it is a listed acquisition vehicle that raises money to buy a private operating company.
Why are more companies choosing to go public via SPACs in recent years?
For sponsors, SPACs provide a structural flexibility that offers a competitive advantage vs. the typical IPO process. There is minimum upfront capital outlay and a faster time to market vs. a traditional IPO.
How big is the SPAC market and how has it grown over the last 3 years?
2020 has been a banner year for SPAC issuance. Year-to-date as of December 1, 2020, there have been 201 SPAC IPOs with gross proceeds of $69.6bn. That compares to 59/$13.6bn, respectively, in 2019 and 46/$10.8bn, respectively, in 2018. Find more data on the very informative SPACInsider website here.
Why did Tuttle Capital Management launch SPCX?
SPACs have been a trending investing topic over the past couple of years. While the theme has garnered increased investor attention there was a void in terms of how investors could gain exposure to this growing theme. SPCX offers a professional solution to invest in a diverse portfolio of SPACs and new issues within the tax-efficient and liquid wrapper of an ETF.
Does Tuttle Capital Management run other actively managed portfolios?
Yes, including SPCX, TCM currently runs 10 actively managed strategies with $180.5 million under management as of November 30, 2020. TCM has been running active ETFs for over four years.
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