Why Shares of DraftKings Popped 5.7% Today
Shares of online gambling company DraftKings (NASDAQ: DKNG) rose as much as 5.7% Thursday as investors bet some non-operating factors would drive shares higher. At 1 p.m. EDT shares were touching all-time highs for the stock.
The big news today is that a special purpose acquisition company, or SPAC, ETF has been launched on the New York Stock Exchange under the name Defiance Next Gen SPAC Derived ETF. The ETF aims to track the Indxx SPAC & NextGen IPO Index, which follows SPACs and IPOs of SPACs.
Image source: Getty Images.
Source Fool.com