Burtech Acquisition (NASDAQ:BRKHU) Trading 7.1% Higher

Burtech Acquisition Corp. (NASDAQ:BRKHU)’s stock price rose 7.1% during trading on Friday . The stock traded as high as $11.38 and last traded at $11.38. Approximately 110 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,931 shares. The stock had previously closed at $10.63.

Burtech Acquisition Stock Performance

The business has a 50-day moving average price of $10.64 and a two-hundred day moving average price of $10.62.

Institutional Investors Weigh In On Burtech Acquisition

An institutional investor recently raised its position in Burtech Acquisition stock. Clear Street LLC lifted its stake in Burtech Acquisition Corp. (NASDAQ:BRKHU) by 85.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,546 shares of the company’s stock after buying an additional 1,175 shares during the period. Clear Street LLC’s holdings in Burtech Acquisition were worth $27,000 at the end of the most recent quarter.

Burtech Acquisition Company Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.