Virtu Financial LLC Invests $869,000 in Digital Asset Acquisition Corp. $DAAQ

Virtu Financial LLC bought a new position in Digital Asset Acquisition Corp. (NASDAQ:DAAQ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 85,206 shares of the company’s stock, valued at approximately $869,000. Virtu Financial LLC owned approximately 0.49% of Digital Asset Acquisition at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new position in Digital Asset Acquisition during the 4th quarter valued at approximately $5,610,000. Readystate Asset Management LP raised its holdings in shares of Digital Asset Acquisition by 4.7% during the 4th quarter. Readystate Asset Management LP now owns 26,174 shares of the company’s stock worth $267,000 after acquiring an additional 1,174 shares in the last quarter. Rivernorth Capital Management LLC boosted its position in shares of Digital Asset Acquisition by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 198,852 shares of the company’s stock valued at $2,020,000 after acquiring an additional 50,026 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Digital Asset Acquisition by 62.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 130,046 shares of the company’s stock valued at $1,321,000 after acquiring an additional 49,923 shares during the last quarter. Finally, Meteora Capital LLC grew its holdings in shares of Digital Asset Acquisition by 60.6% in the fourth quarter. Meteora Capital LLC now owns 237,120 shares of the company’s stock valued at $2,409,000 after purchasing an additional 89,518 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Digital Asset Acquisition in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Digital Asset Acquisition Stock Performance

Shares of NASDAQ DAAQ opened at $10.36 on Monday. Digital Asset Acquisition Corp. has a 12-month low of $10.10 and a 12-month high of $11.24. The firm’s 50-day simple moving average is $10.31.

Digital Asset Acquisition (NASDAQ:DAAQ) last released its quarterly earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter.

Digital Asset Acquisition Company Profile

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.