UTA Acquisition Co. (NASDAQ:UTAA – Get Rating) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 25,000 shares, a growth of 163.2% from the November 15th total of 9,500 shares. Based on an average daily volume of 77,700 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On UTA Acquisition

Hedge funds have recently bought and sold shares of the company. Robinson Capital Management LLC purchased a new position in UTA Acquisition in the 3rd quarter valued at approximately $120,000. Caas Capital Management LP acquired a new stake in UTA Acquisition during the 3rd quarter valued at $151,000. Virtu Financial LLC acquired a new stake in UTA Acquisition during the 2nd quarter valued at $246,000. Credit Suisse AG acquired a new stake in UTA Acquisition during the 2nd quarter valued at $248,000. Finally, Boothbay Fund Management LLC acquired a new stake in UTA Acquisition during the 3rd quarter valued at $274,000. 45.70% of the stock is owned by hedge funds and other institutional investors.

UTA Acquisition Price Performance

NASDAQ UTAA remained flat at $10.16 during mid-day trading on Wednesday. The company had a trading volume of 15,680 shares, compared to its average volume of 109,965. UTA Acquisition has a 12-month low of $9.72 and a 12-month high of $10.31. The stock has a 50-day moving average price of $10.11 and a 200 day moving average price of $10.01.

About UTA Acquisition

UTA Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the gaming, digital media, creator economy, entertainment, and technology industries.

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