Context Capital Management LLC bought a new stake in shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,096,000. Context Capital Management LLC owned approximately 1.16% of Digital Asset Acquisition at the end of the most recent quarter.
Separately, Berkley W R Corp purchased a new position in shares of Digital Asset Acquisition in the 1st quarter worth approximately $7,796,000.
Digital Asset Acquisition Stock Down 0.0%
DAAQ stock opened at $10.52 on Wednesday. Digital Asset Acquisition Corp. has a 12 month low of $6.60 and a 12 month high of $10.52. The company has a 50-day moving average price of $10.47 and a 200 day moving average price of $10.21.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Digital Asset Acquisition in a research report on Wednesday, November 4th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Digital Asset Acquisition presently has an average rating of “Sell”.
Check Out Our Latest Analysis on DAAQ
Digital Asset Acquisition Company Profile
Digital Asset Acquisition Corp. (NASDAQ: DAAQ) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more companies. Rather than operating a traditional business, the company was established to raise capital through a public offering and use those proceeds to pursue a merger, acquisition, share exchange or similar transaction. The company’s stated focus was on opportunities connected with digital assets, financial technology and related technology sectors.
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