Digital Asset Acquisition (NASDAQ:DAAQU) Trading Up 0.5% – Time to Buy?

Digital Asset Acquisition Corp. (NASDAQ:DAAQU) shares rose 0.5% during mid-day trading on Friday . The stock traded as high as $10.45 and last traded at $10.45. Approximately 301 shares changed hands during trading, a decline of 90% from the average daily volume of 3,075 shares. The stock had previously closed at $10.40.

Digital Asset Acquisition Trading Up 0.5%

The business has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $10.54.

Institutional Trading of Digital Asset Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Street LLC bought a new position in Digital Asset Acquisition in the 2nd quarter worth approximately $124,000. Parallax Volatility Advisers L.P. bought a new position in Digital Asset Acquisition in the 3rd quarter valued at $148,000. Clear Street Group Inc. increased its stake in shares of Digital Asset Acquisition by 38.5% in the 4th quarter. Clear Street Group Inc. now owns 128,279 shares of the company’s stock valued at $1,320,000 after buying an additional 35,626 shares during the period. DLD Asset Management LP acquired a new stake in shares of Digital Asset Acquisition in the 2nd quarter valued at $507,000. Finally, Harraden Circle Investments LLC bought a new stake in shares of Digital Asset Acquisition during the second quarter worth $540,000.

About Digital Asset Acquisition

Digital Asset Acquisition Corp. (NASDAQ: DAAQU) is a special purpose acquisition company (SPAC) incorporated as an exempted company in the Cayman Islands. The company completed its initial public offering of units and is listed on the NASDAQ Capital Market under the ticker DAAQU. As a blank-check vehicle, its primary objective is to identify, acquire or merge with one or more businesses operating in the digital asset ecosystem within a prescribed timeframe.

The company’s investment focus spans a broad array of digital-asset related activities, including blockchain infrastructure, decentralized finance (DeFi) platforms, digital asset custody and security solutions, tokenization services, and related financial technologies.