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Upturn AI SWOT - About
Tidal ETF Trust - Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX)
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Upturn Advisory Summary
03/06/2025: SPAX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type ETF | Historic Profit 6.47% | Avg. Invested days 98 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 03/06/2025 |
Key Highlights
Volume (30-day avg) 3233 | Beta - | 52 Weeks Range 19.14 - 21.50 | Updated Date 04/2/2025 |
52 Weeks Range 19.14 - 21.50 | Updated Date 04/2/2025 |
Upturn AI SWOT
Tidal ETF Trust - Robinson Alternative Yield Pre-Merger SPAC ETF
ETF Overview
Overview
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) seeks to provide total return by investing primarily in special purpose acquisition companies (SPACs) prior to their merger announcements. It offers exposure to the alternative yield potential of pre-merger SPACs.
Reputation and Reliability
Tidal ETF Trust is an emerging ETF provider. Their reputation is growing, but they lack the long track record of larger, more established firms.
Management Expertise
Robinson Capital Management, LLC sub-advises the ETF, bringing expertise in credit and alternative investments to the SPAC space.
Investment Objective
Goal
To provide total return through investments in pre-merger SPACs.
Investment Approach and Strategy
Strategy: The ETF invests primarily in SPACs before they announce a merger target, seeking to capitalize on the potential upside from merger announcements while mitigating downside risk.
Composition The ETF primarily holds common stock and warrants of pre-merger SPACs. It may also invest in cash and cash equivalents.
Market Position
Market Share: Data unavailable as this is a niche market and market share data is not widely tracked.
Total Net Assets (AUM): Data unavailable.
Competitors
Key Competitors
Competitive Landscape
The SPAC ETF market is relatively concentrated, and the competitive landscape is continuously evolving. Advantages of SPAX may include a specific investment strategy or lower expense ratio, while disadvantages could include lower AUM and trading volume compared to larger competitors.
Financial Performance
Historical Performance: Historical performance data unavailable due to ETF closure.
Benchmark Comparison: Benchmark comparison unavailable due to ETF closure.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
Average trading volume data unavailable due to ETF closure.
Bid-Ask Spread
Bid-ask spread data unavailable due to ETF closure.
Market Dynamics
Market Environment Factors
SPAC performance is influenced by factors such as interest rates, regulatory changes, and overall market sentiment towards growth stocks and alternative investments.
Growth Trajectory
The growth trajectory of the ETF was tied to the SPAC market's boom and bust cycles. Changes to strategy and holdings were influenced by SPAC merger activity and redemptions.
Moat and Competitive Advantages
Competitive Edge
SPAX aimed to provide diversified exposure to the SPAC market with active management. The focus was on pre-merger SPACs, seeking potential upside from merger announcements while mitigating downside risk compared to post-merger companies. However, because the fund shut down, its advantages were not fully realized. Its ability to generate alpha over a passive SPAC index was not established over a long period.
Risk Analysis
Volatility
The ETF's volatility was likely high due to the inherent risk associated with SPACs, which are often speculative investments.
Market Risk
The ETF was exposed to market risk related to the SPAC market, including the risk of unsuccessful mergers, redemptions, and regulatory changes.
Investor Profile
Ideal Investor Profile
The ideal investor for SPAX would have been someone with a high-risk tolerance, seeking exposure to the potential high returns of the SPAC market.
Market Risk
SPAX would have been best suited for active traders or investors looking for short-term gains from SPAC merger announcements, rather than long-term passive index followers.
Summary
SPAX was designed to provide exposure to pre-merger SPACs, offering potential upside from merger announcements. However, due to market conditions and potentially low AUM, the fund was closed. Investors looking at similar offerings should consider the fund's track record, management expertise, and expense ratio. SPACs remain a volatile and speculative asset class.
Similar Companies
SPCX
SPAC and New Issue ETF
SPCX
SPAC and New Issue ETF
Sources and Disclaimers
Data Sources:
- SEC Filings
- ETF.com
- Company Website (Archived)
Disclaimers:
The information provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. All data is based on available information and may be subject to change. Data unavailable in some cases because the ETF is now closed and data sources no longer provide the information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tidal ETF Trust - Robinson Alternative Yield Pre-Merger SPAC ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, specifically units and shares of common stock and warrants, of U.S.-listed Special Purpose Acquisition Companies ("SPACs"). A SPAC is publicly traded and is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more other operating companies.
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