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RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ)

Financial | Exchange Traded Fund | Cboe US
25.65 USD

Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★★☆☆
Hot Take | April 18, 2026, 11:45 p.m. EDT

SPCZ is a distressed yield trap driven by negligible liquidity in its specific SPAC pre-merger niche; the extreme volume drop-off, flat price action at 52-week lows, and misleadingly high yield (likely a distribution of SPAC IPO proceeds rather than corporate cash flow) suggest it is effectively burned capital for long-term value.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.005052
MSTL0.007748
AutoETS0.008016
AutoARIMA0.008032

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 43%
H-stat 12.15
Ljung-Box p 0.000
Jarque-Bera p 0.266
Excess Kurtosis -1.18
Attribute Value
Trailing P/E 35.33

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
12.04% 12.04% 7.55%
Dividend History
Date Dividend Yield %
2025-12-24 3.081 12.044096
2024-12-27 1.101 4.749243
2023-12-27 1.288 5.846713
2022-12-29 0.056 0.268756
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 9.63

Info Dump

Attribute Value
All Time High 29.01
All Time Low 24.91
Ask 25.72
Ask Size 1,000
Average Daily Volume10 Day 150
Average Daily Volume3 Month 316
Average Volume 316
Average Volume10Days 150
Beta3 Year 0.02
Bid 12.41
Bid Size 100
Category Financial
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 25.65
Day Low 25.65
Dividend Yield 9.63
Eps Trailing Twelve Months 0.7259575
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 25.61502
Fifty Day Average Change 0.034978867
Fifty Day Average Change Percent 0.0013655607
Fifty Two Week Change Percent -3.2623053
Fifty Two Week High 29.01
Fifty Two Week High Change -3.3600006
Fifty Two Week High Change Percent -0.11582215
Fifty Two Week Low 25.46
Fifty Two Week Low Change 0.19000053
Fifty Two Week Low Change Percent 0.007462708
Fifty Two Week Range 25.46 - 29.01
First Trade Date Milliseconds 1,657,632,600,000
Full Exchange Name Cboe US
Fund Family TrueShares
Fund Inception Date 1,657,497,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U.S.-listed special purpose acquisition companies (“SPACs”). In seeking to achieve the fund’s investment objective, the sub-adviser will monitor the fund’s portfolio and adjust positions based on changes in expectations of the investments or the availability of better alternatives. At least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Pre-Merger SPACs. The fund is non-diversified.
Long Name RiverNorth Enhanced Pre-Merger SPAC ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_1784803675
Nav Price 25.6758
Net Assets 5,996,255.0
Net Expense Ratio 0.9
Open 25.65
Previous Close 25.65
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.0
Regular Market Change Percent 0.0
Regular Market Day High 25.65
Regular Market Day Low 25.65
Regular Market Day Range 25.65 - 25.65
Regular Market Open 25.65
Regular Market Previous Close 25.65
Regular Market Price 25.65
Regular Market Time 1,776,188,244
Regular Market Volume 4
Short Name RiverNorth Enhanced Pre-Merger
Source Interval 15
Symbol SPCZ
Three Year Average Return 0.0596422
Total Assets 5,996,255
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 35.332645
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.08983
Trailing Three Month Returns 0.08983
Triggerable 1
Two Hundred Day Average 27.29975
Two Hundred Day Average Change -1.6497498
Two Hundred Day Average Change Percent -0.060430948
Type Disp ETF
Volume 4
Yield 0.0963
Ytd Return 0.08983