Digital World Acquisition (NASDAQ:DWACU) Trading 2.5% Higher

Digital World Acquisition Corp. (NASDAQ:DWACU – Get Rating)’s share price traded up 2.5% on Friday . The stock traded as high as $18.99 and last traded at $18.66. 1,154 shares were traded during mid-day trading, an increase of 10% from the average session volume of 1,045 shares. The stock had previously closed at $18.21.

Digital World Acquisition Price Performance

The company has a fifty day moving average price of $21.59 and a two-hundred day moving average price of $24.94.

Institutional Trading of Digital World Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in DWACU. Citigroup Inc. purchased a new stake in Digital World Acquisition during the 1st quarter valued at approximately $32,000. Tower Research Capital LLC TRC raised its stake in Digital World Acquisition by 124.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,238 shares during the last quarter. Finally, UBS Group AG raised its stake in Digital World Acquisition by 641.3% during the 1st quarter. UBS Group AG now owns 556 shares of the company’s stock valued at $42,000 after acquiring an additional 481 shares during the last quarter.

Digital World Acquisition Company Profile

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Digital World Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify on technology-focused companies in the SaaS and technology, or fintech and financial services sector in the Americas.