Burtech Acquisition (NASDAQ:BRKHU) Stock Price Up 1.4% – Here’s Why

Burtech Acquisition Corp. (NASDAQ:BRKHU) traded up 1.4% during trading on Friday . The company traded as high as $11.60 and last traded at $11.60. 1,300 shares changed hands during trading, a decline of 21% from the average session volume of 1,638 shares. The stock had previously closed at $11.44.

Burtech Acquisition Trading Up 1.4 %

The company’s fifty day simple moving average is $12.07 and its two-hundred day simple moving average is $11.68.

Institutional Investors Weigh In On Burtech Acquisition

A hedge fund recently raised its stake in Burtech Acquisition stock. Clear Street LLC grew its stake in shares of Burtech Acquisition Corp. (NASDAQ:BRKHU) by 92.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the company’s stock after purchasing an additional 2,354 shares during the quarter. Clear Street LLC’s holdings in Burtech Acquisition were worth $56,000 as of its most recent SEC filing.

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.