200,000 Shares in Digital Asset Acquisition Corp. $DAAQ Purchased by Context Capital Management LLC

Context Capital Management LLC purchased a new position in shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $2,096,000.

Separately, Berkley W R Corp bought a new position in Digital Asset Acquisition in the 1st quarter valued at $7,796,000.

Digital Asset Acquisition Price Performance

Digital Asset Acquisition stock opened at $10.52 on Wednesday. Digital Asset Acquisition Corp. has a 1 year low of $6.60 and a 1 year high of $10.52. The firm has a 50-day moving average of $10.47 and a two-hundred day moving average of $10.21.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Digital Asset Acquisition in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Digital Asset Acquisition presently has an average rating of “Sell”.

Digital Asset Acquisition 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.