The fund is an actively-managed exchange-traded fund that pursues its investment objective primarily by investing, under normal circumstances, in special purpose acquisition companies ("SPACs") that, the fund"s investment sub-adviser, believes will generate net realized capital gains in excess of the income derived from bank certificates of deposit with similar maturities. The fund is non-diversified.
Research context
Horizon Kinetics SPAC Active ETF appears in PyInvesting’s ETF catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
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5 years, 6 months ago
Spartan Energy Acquisition Corp is currently in a long term downtrend where the price is trading 6.4% below its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.0.
Spartan Energy Acquisition Corp's total revenue sank by nan% to $0 since the same quarter in the previous year.
Its net income has dropped by 258.9% to $-3M since the same quarter in the previous year.
Finally, its free cash flow grew by 29.7% to $-707K since the same quarter in the previous year.
Based on the above factors, Spartan Energy Acquisition Corp gets an overall score of 2/5.