Oak Woods Acquisition (NASDAQ:OAKU) Shares Down 0.1% – Here’s Why

Shares of Oak Woods Acquisition Co. (NASDAQ:OAKU) fell 0.1% on Tuesday . The stock traded as low as $11.45 and last traded at $11.43. 378 shares were traded during mid-day trading, a decline of 98% from the average session volume of 19,737 shares. The stock had previously closed at $11.44.

Oak Woods Acquisition Price Performance

The firm’s fifty day moving average is $11.41 and its two-hundred day moving average is $11.23.

Institutional Investors Weigh In On Oak Woods Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Spartan Fund Management Inc. bought a new stake in Oak Woods Acquisition in the fourth quarter worth about $37,000. Boothbay Fund Management LLC bought a new stake in Oak Woods Acquisition in the fourth quarter worth about $285,000. Walleye Trading LLC bought a new stake in Oak Woods Acquisition in the third quarter worth about $400,000. BCK Capital Management LP bought a new stake in Oak Woods Acquisition in the fourth quarter worth about $421,000. Finally, SkyView Investment Advisors LLC bought a new stake in Oak Woods Acquisition in the third quarter worth about $445,000. 63.01% of the stock is currently owned by institutional investors.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.