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

Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX)’s share price rose 0.1% during mid-day trading on Wednesday . The company traded as high as $20.23 and last traded at $20.23. Approximately 4 shares were traded during mid-day 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 business’s 50 day moving average price is $20.35 and its 200-day moving average price is $20.83. The firm has a market capitalization of $15.14 million, a PE ratio of 33.87 and a beta of 0.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Robinson Alternative Yield Pre-Merger SPAC ETF stock. Robinson Capital Management LLC purchased a new position in shares of 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 purchased 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.

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.