SPAC and New Issue ETF (SPCK)Event Driven | Exchange Traded Fund | NasdaqGM
21.99 USD
+0.09
(0.411%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 22.21 +0.22 (1.000%) ⇧ (April 17, 2026, 6:39 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★★☆☆☆ | Dividends: ★★★☆☆ |
Hot Take | April 19, 2026, 12:15 a.m. EDT
The 16.54% dividend yield is a classic 'NAV erosion' signal typical of funds holding distressed SPAC shells or struggling new issuers, not genuine shareholder value creation. The stock is drifting sideways near its 50-day EMA with no volume to support a breakout, and options flow reveals a complete lack of speculative interest; traders are simply static defenders waiting for the dust to settle on the SPAC bubble. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.002320 |
| AutoETS | 0.002427 |
| AutoTheta | 0.003889 |
| AutoARIMA | 0.005882 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 95% |
| H-stat | 0.33 |
| Ljung-Box p | 0.394 |
| Jarque-Bera p | 0.046 |
| Excess Kurtosis | 1.81 |
As of April 19, 2026, 12:15 a.m. EDT: Options activity is dominated by long-term defensive positioning (Sep 2026) with heavy In-The-Money (ITM) call Open Interest (104 contracts at 21.0 strike, ATM) and zero current call volume. This signals 'holding the line' rather than aggressive bullish speculation. Out-of-The-Money (OTM) positioning is nonexistent across the board, indicating a lack of conviction in near-term upside. Put options show negligible activity (only 2 contracts in May 2026), confirming that traders are not actively betting on a downside reversal, but they are also not hedging a significant crash risk. The overall footprint is static, defensive, and misaligned with the near-term 5-day upside run.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.23% | 16.44% | 6.64% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-24 | 0.486 | 2.226294 |
| 2025-12-16 | 3.105 | 14.214940 |
| 2024-12-27 | 0.024 | 0.119531 |
| 2024-12-17 | 0.139 | 0.689455 |
| 2023-12-19 | 0.524 | 2.660814 |
| 2021-12-27 | 0.358 | 1.532653 |
| Attribute | Value |
|---|---|
| All Time High | 32.91 |
| All Time Low | 21.32 |
| Ask | 22.09 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 2,410 |
| Average Daily Volume3 Month | 1,708 |
| Average Volume | 1,708 |
| Average Volume10Days | 2,410 |
| Beta3 Year | 0.1 |
| Bid | 21.86 |
| Bid Size | 1 |
| Category | Event Driven |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 22.16 |
| Day Low | 21.965 |
| Dividend Yield | 16.54 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 21.8885 |
| Fifty Day Average Change | 0.10149956 |
| Fifty Day Average Change Percent | 0.004637118 |
| Fifty Two Week Change Percent | -8.068562 |
| Fifty Two Week High | 26.61 |
| Fifty Two Week High Change | -4.620001 |
| Fifty Two Week High Change Percent | -0.17361897 |
| Fifty Two Week Low | 21.32 |
| Fifty Two Week Low Change | 0.6700001 |
| Fifty Two Week Low Change Percent | 0.031425897 |
| Fifty Two Week Range | 21.32 - 26.61 |
| First Trade Date Milliseconds | 1,608,129,000,000 |
| Five Year Average Return | -0.0144439 |
| Full Exchange Name | NasdaqGM |
| Fund Family | SPAC |
| Fund Inception Date | 1,607,990,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Companies (“SPACs”) that have a minimum capitalization of $100 million and companies that completed an initial public offering (“IPO”) within the last two years. The fund may also invest in depositary receipts or appropriate ETFs for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities. |
| Long Name | SPAC and New Issue ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_696518847 |
| Nav Price | 21.91 |
| Net Assets | 7,056,632.0 |
| Net Expense Ratio | 2.32 |
| Open | 21.965 |
| Phone | (414) 299-2295 |
| Post Market Change | 0.21999931 |
| Post Market Change Percent | 1.0004517 |
| Post Market Price | 22.21 |
| Post Market Time | 1,776,465,578 |
| Previous Close | 21.9 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.09000015 |
| Regular Market Change Percent | 0.4109596 |
| Regular Market Day High | 22.16 |
| Regular Market Day Low | 21.965 |
| Regular Market Day Range | 21.965 - 22.16 |
| Regular Market Open | 21.965 |
| Regular Market Previous Close | 21.9 |
| Regular Market Price | 21.99 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 2,177 |
| Short Name | 75,274 |
| Source Interval | 15 |
| Symbol | SPCK |
| Three Year Average Return | 0.0351842 |
| Total Assets | 7,056,632 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -0.27561 |
| Trailing Three Month Returns | -0.27561 |
| Triggerable | 1 |
| Two Hundred Day Average | 23.84102 |
| Two Hundred Day Average Change | -1.8510208 |
| Two Hundred Day Average Change Percent | -0.07764017 |
| Type Disp | ETF |
| Volume | 2,177 |
| Yield | 0.16540001 |
| Ytd Return | -0.27561 |