XPAC Acquisition (NASDAQ:XPAXU) Shares Down 0.2%

XPAC Acquisition Corp. (NASDAQ:XPAXU – Get Rating)’s share price dropped 0.2% during trading on Wednesday . The company traded as low as $10.28 and last traded at $10.28. Approximately 766 shares traded hands during trading, a decline of 98% from the average daily volume of 41,142 shares. The stock had previously closed at $10.30.

XPAC Acquisition Stock Performance

The stock has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $10.13.

Hedge Funds Weigh In On XPAC Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its position in XPAC Acquisition by 99.0% during the 4th quarter. Jane Street Group LLC now owns 400,090 shares of the company’s stock worth $4,015,000 after acquiring an additional 199,004 shares during the last quarter. Spartan Fund Management Inc. grew its position in XPAC Acquisition by 43.8% during the 4th quarter. Spartan Fund Management Inc. now owns 93,071 shares of the company’s stock worth $933,000 after acquiring an additional 28,337 shares during the last quarter. Glazer Capital LLC grew its position in XPAC Acquisition by 7,104.4% during the 4th quarter. Glazer Capital LLC now owns 62,750 shares of the company’s stock worth $629,000 after acquiring an additional 61,879 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in XPAC Acquisition by 88.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,000 shares of the company’s stock worth $491,000 after acquiring an additional 23,522 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in XPAC Acquisition during the 3rd quarter worth $98,000.

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.