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SPC
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CrossingBridge Pre-Merger SPAC ETF (SPC)

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$21.56
Last Close (24-hour delay)
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Upturn Advisory Summary

08/14/2025: SPC (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit 6.57%
Avg. Invested days 229
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta -
52 Weeks Range 18.82 - 22.09
Updated Date 06/29/2025
52 Weeks Range 18.82 - 22.09
Updated Date 06/29/2025

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CrossingBridge Pre-Merger SPAC ETF

stock logo

ETF Overview

overview logo Overview

The CrossingBridge Pre-Merger SPAC ETF (SPAC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CrossingBridge Pre-Merger SPAC Index. The fund primarily invests in pre-merger SPACs, aiming to capture potential upside prior to the completion of a business combination.

reliability logo Reputation and Reliability

CrossingBridge Advisors is a smaller asset manager specializing in alternative investments, with a moderate track record.

reliability logo Management Expertise

The management team possesses experience in SPAC investments, though it's a relatively niche area.

Investment Objective

overview logo Goal

To track the performance of the CrossingBridge Pre-Merger SPAC Index, focusing on SPACs before they complete a merger.

Investment Approach and Strategy

Strategy: The ETF tracks a specific index, the CrossingBridge Pre-Merger SPAC Index.

Composition Primarily holds common stocks of pre-merger SPACs.

Market Position

Market Share: SPAC's market share within the niche SPAC ETF market is relatively small.

Total Net Assets (AUM): 31670000

Competitors

overview logo Key Competitors

  • Defiance Next Gen SPAC Derived ETF (SPAK)
  • Morgan Creek - Exos SPAC Originated ETF (SPXZ)
  • Accelerate Arbitrage Fund (ARB)

Competitive Landscape

The SPAC ETF market is moderately competitive. SPAK is much larger. SPAC benefits from a pre-merger focus, but it may be more volatile. SPXZ focuses on SPACs sourced by certain banks, and ARB is an arbitrage fund that doesn't only deal with SPACs, while SPAC only invests in pre-merger SPACs.

Financial Performance

Historical Performance: Historical performance data needs to be obtained from reliable source and cannot be provided at this time.

Benchmark Comparison: Benchmark comparison needs to be obtained from reliable source and cannot be provided at this time.

Expense Ratio: 0.49

Liquidity

Average Trading Volume

The ETF exhibits a moderate trading volume, indicating sufficient liquidity for average investors.

Bid-Ask Spread

The bid-ask spread is moderate, reflecting the ETF's trading volume and investor interest.

Market Dynamics

Market Environment Factors

Economic indicators, regulatory changes, and the overall SPAC market sentiment influence the ETF. Higher interest rates typically depress the SPAC market.

Growth Trajectory

Growth depends on new SPAC issuances and merger activity; strategy and holdings may adjust based on market conditions and new SPAC offerings.

Moat and Competitive Advantages

Competitive Edge

SPAC's competitive advantage lies in its exclusive focus on pre-merger SPACs, which allows it to potentially capture value before deal completion. This strategy may offer higher potential returns compared to ETFs holding post-merger entities. The fund is designed for investors specifically seeking pre-deal SPAC exposure. However, a narrowly focused investment strategy such as this may lead to concentration risk.

Risk Analysis

Volatility

The ETF may exhibit high volatility due to the speculative nature of SPACs and the uncertainty surrounding merger outcomes.

Market Risk

Underlying assets are susceptible to market risk, regulatory changes, and the success of SPAC mergers. Negative sentiment towards SPACs may negatively impact the price of the ETF.

Investor Profile

Ideal Investor Profile

Suitable for investors with a high-risk tolerance seeking exposure to the SPAC market and potential high returns. Investors must understand pre-merger risks.

Market Risk

More suitable for active traders and sophisticated investors comfortable with speculative investments, rather than passive index followers.

Summary

The CrossingBridge Pre-Merger SPAC ETF offers targeted exposure to pre-merger SPACs, aiming to capitalize on potential gains before business combinations occur. The ETF is a niche product. Its performance is heavily reliant on the health and sentiment of the overall SPAC market. It's best suited for risk-tolerant investors seeking speculative opportunities and knowledgeable about SPACs.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • ETF.com
  • Morningstar
  • Issuer's Website
  • Bloomberg

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Past performance is not indicative of future results.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About CrossingBridge Pre-Merger SPAC ETF

Exchange NASDAQ
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund is an actively managed exchange-traded fund ("ETF") that under normal market conditions will invest at least 80% of its net assets, plus borrowings for investment purposes, in shares of common stock and units of Special Purpose Acquisition Companies ("SPACs") that have yet to consummate a shareholder-approved merger or business combination. The fund seeks to invest in publicly-traded SPACs that at the time of purchase are trading at or below the SPAC"s pro rata trust account value. The fund is non-diversified.