XPAC Acquisition Corp. (NASDAQ:XPAX – Get Rating) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,200 shares, a drop of 83.8% from the September 30th total of 7,400 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 43,100 shares, the short-interest ratio is currently 0.0 days.

XPAC Acquisition Price Performance

Shares of NASDAQ XPAX opened at $9.85 on Thursday. XPAC Acquisition has a twelve month low of $9.59 and a twelve month high of $9.87. The firm has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $9.77.

Hedge Funds Weigh In On XPAC Acquisition

Hedge funds have recently bought and sold shares of the company. Cowen AND Company LLC bought a new position in XPAC Acquisition during the second quarter worth $486,000. Saba Capital Management L.P. acquired a new stake in XPAC Acquisition in the first quarter worth $1,285,000. UBS Group AG grew its holdings in XPAC Acquisition by 10,068.1% in the first quarter. UBS Group AG now owns 190,041 shares of the company's stock worth $1,840,000 after purchasing an additional 188,172 shares during the period. Basso Capital Management L.P. grew its holdings in XPAC Acquisition by 2.5% in the first quarter. Basso Capital Management L.P. now owns 192,518 shares of the company's stock worth $1,864,000 after purchasing an additional 4,734 shares during the period. Finally, Spartan Fund Management Inc. acquired a new stake in XPAC Acquisition in the second quarter worth $2,104,000. Institutional investors own 32.91% of the company's stock.

XPAC Acquisition Company Profile

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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