Periscope Capital Inc. lifted its position in Digital Asset Acquisition Corp. (NASDAQ:DAAQ – Free Report) by 317.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,000 shares of the company’s stock after buying an additional 114,062 shares during the quarter. Periscope Capital Inc. owned approximately 0.87% of Digital Asset Acquisition worth $1,524,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of DAAQ. Wolverine Asset Management LLC raised its holdings in shares of Digital Asset Acquisition by 36.0% in the 4th quarter. Wolverine Asset Management LLC now owns 162,613 shares of the company’s stock valued at $1,652,000 after buying an additional 43,012 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Digital Asset Acquisition in the 4th quarter valued at $254,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Digital Asset Acquisition in the 4th quarter valued at $168,000.
Digital Asset Acquisition Trading Down 0.1%
DAAQ stock opened at $10.31 on Friday. Digital Asset Acquisition Corp. has a 12-month low of $10.05 and a 12-month high of $11.24. The company has a fifty day moving average price of $10.28.
About Digital Asset Acquisition
We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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