Eureka Acquisition (NASDAQ:EURKU) Trading Up 1.3% – Time to Buy?

Eureka Acquisition Corp (NASDAQ:EURKU) was up 1.3% on Friday . The company traded as high as $10.89 and last traded at $10.89. Approximately 200 shares were traded during trading, a decline of 64% from the average daily volume of 556 shares. The stock had previously closed at $10.75.

Eureka Acquisition Price Performance

The company’s fifty day moving average is $10.91 and its two-hundred day moving average is $10.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eureka Acquisition stock. Clear Street Group Inc. bought a new position in shares of Eureka Acquisition Corp (NASDAQ:EURKU) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,281 shares of the company’s stock, valued at approximately $166,000.

About Eureka Acquisition

Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware, whose primary objective is to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. The company conducted its initial public offering of units on the Nasdaq under the ticker EURKU. These units consist of one share of common stock and a fraction of a warrant, providing investors with both equity and potential upside participation in future business combinations.

As a blank‐check vehicle, Eureka Acquisition has no commercial operations of its own.