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Share: Two new SPAC ETFs launched on Wednesday that offer investors both long and short exposure to companies that have de-SPAC’d and completed mergers. The New SPACs: The De-SPAC ETF (NYSE: DSPC) and The Short De-SPAC ETF (NYSE: SOGU) are the first ETFs to offer pure-play exposure to a basket of de-SPAC’d stocks. The ETFs offer a “totally and completely different” approach to SPAC investing, Tuttle Capital Management CEO and Chief Investment Officer Matthew Tuttle told Benzinga. ETFs on the market that offer exposure to companies that have completed a SPAC merger come in baskets that include pre-merger companies as well, typically with a 60% weighting to this type of asset. ....
A Sad May for SPACs thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article NEW YORK, May 19, 2021 /PRNewswire/ The De-SPAC ETF (NYSE: DSPC) and The Short De-SPAC ETF (NYSE: SOGU) start trading on the New York Stock Exchange today. They are the first ETFs to offer pure-play exposure to a basket of de-SPAC d stocks. De-SPACs are companies that come public as the result of a merger with a special purpose acquisition company (SPAC). High-profile de-SPACs include companies such as Virgin Galactic, DraftKings, QuantumScape, and Opendoor Technologies. These two ETFs follow the December 2020 launch of The SPAC and New Issue ETF (NYSE: SPCX) , says Matthew Tuttle, Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management LLC ( TCM ), who serves as the Adviser to DSPC and SOGU. While SPCX s actively managed strategy focuses on pre-deal SPACs, our conversations with investors brought us to the conclusion that there was an unmet need for a true de-SPAC exposure, both on the long and short ....
First Pure-Play De-SPAC ETFs, DSPC & SOGU, Launch on the NYSE De-SPAC ETF (NYSE: DSPC) and the Short De-SPAC ETF (NYSE: SOGU) began trading on the New York Stock Exchange. They are the first ETFs to offer pure-play exposure to a basket of de-SPAC’d stocks. De-SPACs are companies that come public due to a merger with a special purpose acquisition company (SPAC). High-profile de-SPACs include companies such as Virgin Galactic, DraftKings, QuantumScape, and Opendoor Technologies. “These two ETFs follow the December 2020 launch of the SPAC and New Issue ETF (NYSE: SPCX),” says Matthew Tuttle, Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management LLC (“TCM”), who serves as the Adviser to DSPC and SOGU. “While SPCX’s actively managed strategy focuses on pre-deal SPACs, our conversations with investors brought us to the conclusion that there was an unmet need for a true de-SPAC exposure, both on the long and short side ....
Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. He manages the $147.2 million SPAC and New Issue ETF, which has returned 12.94% this year. Tuttle shares his three-part SPAC picking strategy and three of his favorite blank-check companies. Just like the newly filed Do It Again Corp., SPACs are doing it again breaking the record month after month. According to Goldman Sachs, 90 Special Purpose Acquisition Companies raised $32 billion in IPO capital in February, the largest issuance month on record. Year-to-date, 204 blank-check companies have raised $65.4 billion compared to the $83.4 billion raised by the 248 SPACs last year, according to ....