JATT Acquisition (NYSE:JATT) Trading Up 7.3% – What’s Next?

JATT Acquisition Corp (NYSE:JATT) shares shot up 7.3% during trading on Friday . The company traded as high as $13.22 and last traded at $13.4070. 12,848 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 19,868 shares. The stock had previously closed at $12.50.

JATT Acquisition Stock Up 7.3%

The company has a 50 day moving average of $11.40 and a two-hundred day moving average of $9.05.

Institutional Investors Weigh In On JATT Acquisition

A hedge fund recently bought a new stake in JATT Acquisition stock. Spruce Street Capital LP purchased a new position in JATT Acquisition Corp (NYSE:JATT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 160,000 shares of the company’s stock, valued at approximately $1,817,600,000. Spruce Street Capital LP owned 1.99% of JATT Acquisition as of its most recent SEC filing. Institutional investors and hedge funds own 47.97% of the company’s stock.

JATT Acquisition Company Profile

JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector. JATT Acquisition Corp was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.