XPAC Acquisition Corp. (NASDAQ:XPAX – Get Rating) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 1,300 shares, a drop of 38.1% from the June 15th total of 2,100 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On XPAC Acquisition
Several large investors have recently made changes to their positions in XPAX. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in XPAC Acquisition in the 4th quarter worth $969,000. Saba Capital Management L.P. purchased a new stake in XPAC Acquisition in the 1st quarter worth $1,285,000. UBS Group AG increased its holdings in XPAC Acquisition by 10,068.1% in the 1st quarter. UBS Group AG now owns 190,041 shares of the company's stock worth $1,840,000 after acquiring an additional 188,172 shares in the last quarter. Basso Capital Management L.P. increased its holdings in XPAC Acquisition by 2.5% in the 1st quarter. Basso Capital Management L.P. now owns 192,518 shares of the company's stock worth $1,864,000 after acquiring an additional 4,734 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in XPAC Acquisition by 4.8% in the 1st quarter. Verition Fund Management LLC now owns 231,403 shares of the company's stock worth $2,240,000 after acquiring an additional 10,692 shares in the last quarter. 23.90% of the stock is currently owned by institutional investors and hedge funds.
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XPAC Acquisition Trading Down 0.1 %
XPAX stock opened at $9.76 on Monday. XPAC Acquisition has a 52 week low of $9.59 and a 52 week high of $9.80. The firm has a 50 day moving average of $9.75 and a 200 day moving average of $9.71.
About XPAC Acquisition
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XPAC Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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