T-Rex 2X Long SpaceX Daily Target ETF
SPAX
New York Stock Exchange Arca13.73
USD
+0.65
- -
T-Rex 2X Long SpaceX Daily Target ETF
SPAX
(New York Stock Exchange Arca)
Recent
price
13.73
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-traded fund that invests primarily in equity securities of U.S.-listed Special Purpose Acquisition Companies (SPACs), also known as blank check companies; specifically, units, shares of common stock, and warrants of pre-merger SPACs, with a focus on small-capitalization entities to capture upside potential through warrant exposure while mitigating downside risk via redemptions at trust value prior to business combinations; the fund holds cash equivalents and U.S. government securities as allocated by underlying SPACs, alongside select top holdings such as First American Government Obligations Fund, RMG Acquisition Corp. III, and various SPAC warrants including GPATW and DTSQR. SPAX seeks total return exceeding cash equivalents and short-to-intermediate duration fixed income benchmarks like the Bloomberg U.S. 1-3 Year Government/Credit Bond Index, employing fundamental and quantitative analysis across diversified sectors with growth and value small-cap stocks. Launched on June 22, 2021, by Tidal ETF Trust and sub-advised by Robinson Capital Management, LLC—an independent advisor founded in 2012 and headquartered in Grosse Pointe Farms, Michigan—the ETF operates on NYSE Arca with a net expense ratio of 0.86% and quarterly distributions, targeting institutional investors, RIAs, family offices, and yield-seeking fixed income allocators in the U.S. market. In a significant recent development, Tidal Financial Group and Robinson Capital Management announced the closure and liquidation of SPAX on March 21, 2025, following evaluation of shareholder interests; trading ceased at the close of regular hours on April 7, 2025, with portfolio liquidation completed by April 11, 2025, and pro-rata cash distributions to remaining shareholders treated as taxable events. Prior to closure, the fund maintained ongoing quarterly distributions, including $0.30 per share on December 31, 2024, and recognized Robinson Capital as a top alternative investments provider; no major acquisitions, new launches, or strategic expansions occurred in the last 1-2 years beyond routine portfolio adjustments and holdings rotations in pre-merger SPACs.
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