Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAX) Trading Down 0.2% – Time to Sell?

Robinson Alternative Yield Pre-Merger SPAC ETF (NYSEARCA:SPAXGet Free Report)’s share price was down 0.2% during mid-day trading on Wednesday . The stock traded as low as $20.34 and last traded at $20.34. Approximately 1,314 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 3,696 shares. The stock had previously closed at $20.38.

Robinson Alternative Yield Pre-Merger SPAC ETF Trading Down 0.2 %

The stock has a market cap of $14.24 million, a P/E ratio of 33.99 and a beta of 0.04. The company’s fifty day simple moving average is $20.38 and its 200-day simple moving average is $20.36.

Robinson Alternative Yield Pre-Merger SPAC ETF Company Profile

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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.

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