RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ)
RiverNorth Enhanced Pre-Merger SPAC ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Diego, CA, US. The stock last traded at $26.06, up 0.00% on the session, giving a market capitalisation of $5.0M. Its beta of 0.02 implies it has historically moved less than the broad market.
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.
RiverNorth Enhanced Pre-Merger SPAC ETF is most often compared with the following Financial Services names: