The speculative boomlet stands in contrast to the broader stock market which so far is ignoring the election.
Scion Asset Management trimmed its holdings to just 13 positions, liquidating bets on about two dozen stocks and ETFs.
Wall Street is preparing for a wave of spinoffs.
Just $14.2 billion has been raised via IPOs on U.S. exchanges this year, a 94% plunge from 2021's record.
A smattering of companies are set to test the market for stock listings.
The day trader crowd has piled into big tech and benchmark exchange-traded funds in recent weeks.
Heavily-shorted stocks are rallying as safe havens such as consumer staples slump.
The raucous boom in special-purpose acquisition companies has spawned a wave of litigation.
Individual investors had piled into the stock over the past two years.
The exchanges offer an alternative to blank-check firms that don't meet the requirements of big exchanges.
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