Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX) Trading Down 0.4%

Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX)’s stock price fell 0.4% during trading on Thursday . The company traded as low as $21.43 and last traded at $21.43. 241 shares were traded during trading, a decline of 92% from the average session volume of 3,048 shares. The stock had previously closed at $21.51.

Robinson Alternative Yield Pre-Merger SPAC ETF Trading Down 0.4 %

The business has a fifty day simple moving average of $21.50 and a 200 day simple moving average of $21.41.

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. Cohanzick Management LLC purchased a new position in shares of Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 288,337 shares of the company’s stock, valued at approximately $5,878,000. Robinson Alternative Yield Pre-Merger SPAC ETF accounts for about 6.5% of Cohanzick Management LLC’s investment portfolio, making the stock its 2nd biggest position. Cohanzick Management LLC owned about 24.64% of Robinson Alternative Yield Pre-Merger SPAC ETF as of its most recent filing with the Securities and Exchange Commission.

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.