Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX) Stock Price Up 0.1%

Shares of Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX) shot up 0.1% during trading on Wednesday . The company traded as high as $20.23 and last traded at $20.23. 4 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 2,641 shares. The stock had previously closed at $20.20.

Robinson Alternative Yield Pre-Merger SPAC ETF Price Performance

The stock has a 50-day moving average of $20.35 and a 200 day moving average of $20.83. The stock has a market capitalization of $15.14 million, a price-to-earnings ratio of 33.87 and a beta of 0.02.

Hedge Funds Weigh In On Robinson Alternative Yield Pre-Merger SPAC ETF

An institutional investor recently bought a new position in Robinson Alternative Yield Pre-Merger SPAC ETF stock. Robinson Capital Management LLC bought a new position in shares of Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,563 shares of the company’s stock, valued at approximately $312,000. Robinson Capital Management LLC owned about 1.24% of Robinson Alternative Yield Pre-Merger SPAC ETF at the end of the most recent quarter.

Robinson Alternative Yield Pre-Merger SPAC ETF Company Profile

The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund of small-cap, US-listed SPACs the advisor expects to experience a spike in price in the future. SPAX was launched on Jun 22, 2021 and is managed by Robinson.