Digital Asset Acquisition Corp. (NASDAQ:DAAQU – Get Free Report)’s stock price shot up 0.4% on Monday . The company traded as high as $10.64 and last traded at $10.37. 600 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 850 shares. The stock had previously closed at $10.33.
Digital Asset Acquisition Stock Performance
The business’s fifty day moving average price is $10.49 and its 200-day moving average price is $10.60.
Institutional Investors Weigh In On Digital Asset Acquisition
Hedge funds have recently added to or reduced their stakes in the stock. Clear Street LLC purchased a new position in shares of Digital Asset Acquisition in the 2nd quarter worth $124,000. Parallax Volatility Advisers L.P. bought a new position in Digital Asset Acquisition in the third quarter valued at about $148,000. DLD Asset Management LP bought a new position in Digital Asset Acquisition in the second quarter valued at about $507,000. Harraden Circle Investments LLC purchased a new position in Digital Asset Acquisition in the second quarter worth about $540,000. Finally, Clear Street Group Inc. bought a new stake in shares of Digital Asset Acquisition during the 3rd quarter valued at about $977,000.
Digital Asset Acquisition Company Profile
Digital Asset Acquisition Corp. (NASDAQ: DAAQU) is a special purpose acquisition company (SPAC) incorporated as an exempted company in the Cayman Islands. The company completed its initial public offering of units and is listed on the NASDAQ Capital Market under the ticker DAAQU. As a blank-check vehicle, its primary objective is to identify, acquire or merge with one or more businesses operating in the digital asset ecosystem within a prescribed timeframe.
The company’s investment focus spans a broad array of digital-asset related activities, including blockchain infrastructure, decentralized finance (DeFi) platforms, digital asset custody and security solutions, tokenization services, and related financial technologies.
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