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) rose 0.1% during trading on Wednesday . The stock traded as high as $20.23 and last traded at $20.23. Approximately 4 shares traded hands during trading, a decline of 100% from the average daily volume of 2,641 shares. The stock had previously closed at $20.20.

Robinson Alternative Yield Pre-Merger SPAC ETF Stock Performance

The firm has a market cap of $15.17 million, a P/E ratio of 33.87 and a beta of 0.02. The firm’s fifty day moving average is $20.35 and its 200 day moving average is $20.84.

Institutional Trading of Robinson Alternative Yield Pre-Merger SPAC ETF

A hedge fund recently bought a new stake in Robinson Alternative Yield Pre-Merger SPAC ETF stock. Robinson Capital Management LLC acquired a new position in Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,563 shares of the company’s stock, valued at approximately $312,000. Robinson Capital Management LLC owned approximately 1.24% of Robinson Alternative Yield Pre-Merger SPAC ETF as of its most recent SEC filing.

About Robinson Alternative Yield Pre-Merger SPAC ETF

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.