JATT Acquisition (NYSE:JATT) Shares Down 10.3%

JATT Acquisition Corp (NYSE:JATT)’s share price traded down 10.3% during mid-day trading on Friday . The company traded as low as $3.25 and last traded at $3.31. 240,674 shares were traded during trading, an increase of 482% from the average session volume of 41,322 shares. The stock had previously closed at $3.69.

JATT Acquisition Stock Performance

The stock has a 50 day simple moving average of $3.63 and a 200-day simple moving average of $4.44.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Glazer Capital LLC lifted its position in shares of JATT Acquisition by 73.4% during the 4th quarter. Glazer Capital LLC now owns 999,980 shares of the company’s stock valued at $10,210,000 after buying an additional 423,433 shares in the last quarter. Bank of Montreal Can purchased a new position in JATT Acquisition in the 1st quarter worth approximately $3,848,000. Sculptor Capital LP lifted its holdings in JATT Acquisition by 220.6% in the 4th quarter. Sculptor Capital LP now owns 183,090 shares of the company’s stock worth $1,869,000 after purchasing an additional 125,985 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new position in JATT Acquisition in the 3rd quarter worth approximately $1,067,000. Finally, Royal Bank of Canada purchased a new position in JATT Acquisition in the 1st quarter worth approximately $138,000. 47.97% of the stock is owned by hedge funds and other institutional investors.

About JATT Acquisition

JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector.