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Digital Health Acquisition (NASDAQ:DHAC) Trading 0.1% Higher

Financial News Live ·  2023/04/06 17:53

Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Rating) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $11.23 and last traded at $11.23. 100 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 6,256 shares. The stock had previously closed at $11.22.

Digital Health Acquisition Stock Performance

The company's 50-day moving average price is $11.08 and its two-hundred day moving average price is $10.71.

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Institutional Investors Weigh In On Digital Health Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the business. Starboard Value LP acquired a new position in shares of Digital Health Acquisition during the 1st quarter valued at $6,172,000. Saba Capital Management L.P. raised its holdings in shares of Digital Health Acquisition by 34.8% during the first quarter. Saba Capital Management L.P. now owns 500,205 shares of the company's stock valued at $5,005,000 after purchasing an additional 129,196 shares during the period. Spring Creek Capital LLC bought a new position in shares of Digital Health Acquisition during the 1st quarter worth about $2,416,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Digital Health Acquisition in the 1st quarter valued at about $1,001,000. Finally, Rivernorth Capital Management LLC bought a new stake in Digital Health Acquisition in the 1st quarter valued at about $750,000.

Digital Health Acquisition Company Profile

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Digital Health Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology and healthcare focused businesses.

Read More

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