Quetta Acquisition (NASDAQ:QETA) Shares Down 1% – What’s Next?

Quetta Acquisition Corporation (NASDAQ:QETA) fell 1% during mid-day trading on Tuesday . The stock traded as low as $10.87 and last traded at $10.95. 1,400 shares traded hands during mid-day trading, an increase of 546% from the average session volume of 217 shares. The stock had previously closed at $11.07.

Quetta Acquisition Stock Down 1.0%

The company has a fifty day moving average of $10.89 and a 200-day moving average of $10.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of QETA. Clear Street LLC increased its position in Quetta Acquisition by 185.1% during the second quarter. Clear Street LLC now owns 17,577 shares of the company’s stock worth $191,000 after purchasing an additional 11,411 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of Quetta Acquisition in the 1st quarter valued at approximately $867,000. Crossingbridge Advisors LLC acquired a new stake in shares of Quetta Acquisition during the 1st quarter worth approximately $898,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of Quetta Acquisition by 2.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 157,458 shares of the company’s stock worth $1,710,000 after buying an additional 3,769 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.