Burtech Acquisition Corp. (NASDAQ:BRKHU – Get Free Report)’s share price rose 13.8% on Wednesday . The stock traded as high as $12.90 and last traded at $12.90. Approximately 3,470 shares changed hands during trading, an increase of 295% from the average daily volume of 878 shares. The stock had previously closed at $11.34.
Burtech Acquisition Price Performance
The company has a 50-day moving average of $10.94 and a 200-day moving average of $10.73.
Hedge Funds Weigh In On Burtech Acquisition
A hedge fund recently raised its stake in Burtech Acquisition stock. Clear Street LLC increased its stake in shares of Burtech Acquisition Corp. (NASDAQ:BRKHU – Free Report) by 85.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,546 shares of the company’s stock after acquiring an additional 1,175 shares during the period. Clear Street LLC’s holdings in Burtech Acquisition were worth $27,000 as of its most recent filing with the SEC.
About Burtech Acquisition
Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.
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