Virtu Financial LLC Makes New Investment in Digital Asset Acquisition Corp. $DAAQ

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cannon Global Investment Management LLC bought a new stake in shares of Digital Asset Acquisition in the 4th quarter worth about $168,000. ABC Arbitrage SA bought a new position in Digital Asset Acquisition during the 4th quarter valued at about $254,000. Readystate Asset Management LP raised its position in Digital Asset Acquisition by 4.7% in the 4th quarter. Readystate Asset Management LP now owns 26,174 shares of the company’s stock worth $267,000 after purchasing an additional 1,174 shares during the period. DLD Asset Management LP lifted its stake in Digital Asset Acquisition by 79.7% in the fourth quarter. DLD Asset Management LP now owns 126,399 shares of the company’s stock worth $1,284,000 after purchasing an additional 56,046 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Digital Asset Acquisition by 62.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 130,046 shares of the company’s stock worth $1,321,000 after purchasing an additional 49,923 shares during the last quarter.

Digital Asset Acquisition Stock Performance

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 business has a 50-day moving average of $10.31.

Digital Asset Acquisition (NASDAQ:DAAQ) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

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

About Digital Asset Acquisition

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.