Defiance Next Gen SPAC Derived ETF (SPAK)
Defiance Next Gen SPAC Derived ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $14.63, down 0.31% on the session, giving a market capitalisation of $16.0M. Its beta of 0.00 implies it has historically moved less than the broad market.
This ETF is designed to mirror the returns of U.S.-listed common shares belonging to Special Purpose Acquisition Companies (SPACs) and businesses that have come to market via a SPAC transaction. SPACs are essentially shell corporations, lacking any ongoing commercial operations, established solely to gather capital from investors for the purpose of acquiring or merging with one or more operational companies. A significant portion—at least 80%—of the fund's net assets are committed to these SPACs and companies that have emerged from SPAC mergers. It is important to note that this fund maintains a non-diversified investment approach.
Defiance Next Gen SPAC Derived ETF is most often compared with the following Financial Services names: