What is the symbol for The De-SPAC ETF?
When did DSPC start trading?
May 19, 2021
Does DSPC track an index?
Yes, DSPC tracks The De-SPAC Index. If you have access to a Bloomberg terminal the ticker for the index is DESPACTR.
How often is The De-SPAC Index rebalanced?
The De-SPAC Index is rebalanced monthly.
How many stocks are in The De-SPAC Index?
How are the constituents in The De-SPAC Index weighted?
Equally weighted. The De-SPAC Index constituents are all given a 4% weight on rebalance day.
Where can I see DSPC’s holdings?
Holdings can be viewed here.
What is the management fee for DSPC?
DSPC’s management fee is 0.75%
Where can I find the one-pager for DSPC?
The DSPC fact sheet can be found here.
On which exchange is DSPC listed?
It is listed on NYSE Arca.
How can I buy or sell DSPC?
Check with your financial advisor or online broker to see if DSPC is available on their platform. If it isn’t, please contact us. We are constantly working with new platforms to help on-board our ETF.
What type of order should I use when trading DSPC?
While a limit order is the most conservative route, it may take longer for your order to get executed. If you have specific questions about a larger order size, please call your financial advisor or feel free to contact us.
Can I trade options on DSPC?
Yes. DSPC options were listed on May 26, 2021.
Can I short sell DSPC?
Yes, but it is best to check with your financial advisor first to understand the risks of shorting any ETF, not just DSPC. Another option is to explore The Short De-SPAC ETF (SOGU).
What is a De-SPAC?
It is a company that comes public as a result of a merger with 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?
As of May 3, 2021, there are 426 SPACs searching for a merger target. In terms of growth, 2021 is already a record year for SPAC issuance. Through May 3 there have been 311 SPAC IPOs representing $100.9 billion of gross proceeds. This follows a banner 2020 which saw 248 SPACs come public representing $83.3 billion of gross proceeds. That compares to 59/$13.6 billion, respectively, in 2019 and 46/$10.8 billion, respectively, in 2018. The above data is sourced from the very informative SPACInsider website here.