SPAC and New Issue ETF invests in SPACs and newly public companies, targeting growth from mergers and acquisitions.

SPAC and New Issue ETF (NASDAQ:SPCX) trades on the NASDAQ exchange and invests in two areas: special purpose acquisition companies (SPACs) and newly public companies. SPACs are shell companies that raise money through IPOs to acquire another business. SPCX targets SPACs with a minimum value of $100 million. It also invests in companies that completed their IPO within the last two years. By focusing on these areas, the ETF aims to capture potential growth from mergers and acquisitions involving SPACs, and from the early stages of newly public companies.