Pros Love to Short SPACs. With This ETF, You Can Too
March 16, 2021
Special purpose acquisition companies (SPACs) continue to rack up attention in the media. Short sellers are increasingly shorting SPACs themselves and the companies that emerge from deals with blank-check firms.
Investors may soon be able to tap into that trend with a new exchange traded fund courtesy of Tuttle Tactical Management.
“Tuttle is preparing to launch an ETF that bets against ‘de-SPAC’ stocks of companies that have merged with a SPAC—like electric-truck manufacturer Nikola Corp. and baked-goods maker Hostess Brands Inc. —and a separate fund that invests in the stocks,” reports the