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DUET Acquisition Corp. (NASDAQ:DUET) Shares Purchased by Karpus Management Inc.

Financial News Live ·  Mar 7, 2023 09:14

Karpus Management Inc. raised its holdings in shares of DUET Acquisition Corp. (NASDAQ:DUET – Get Rating) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,950 shares of the company's stock after buying an additional 23,625 shares during the period. Karpus Management Inc. owned about 4.10% of DUET Acquisition worth $3,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Centiva Capital LP lifted its position in DUET Acquisition by 8.8% during the third quarter. Centiva Capital LP now owns 27,641 shares of the company's stock valued at $273,000 after buying an additional 2,237 shares in the last quarter. Ergoteles LLC acquired a new position in shares of DUET Acquisition during the third quarter worth $225,000. Wolverine Asset Management LLC lifted its position in shares of DUET Acquisition by 44.0% during the third quarter. Wolverine Asset Management LLC now owns 200,404 shares of the company's stock worth $1,983,000 after purchasing an additional 61,230 shares in the last quarter. Saba Capital Management L.P. acquired a new position in shares of DUET Acquisition during the first quarter worth $989,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of DUET Acquisition by 37.6% during the third quarter. Cubist Systematic Strategies LLC now owns 422,239 shares of the company's stock worth $4,180,000 after purchasing an additional 115,423 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

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DUET Acquisition Price Performance

NASDAQ DUET opened at $10.25 on Tuesday. The company's fifty day simple moving average is $10.20 and its 200-day simple moving average is $10.06. DUET Acquisition Corp. has a 52 week low of $9.78 and a 52 week high of $10.65.

About DUET Acquisition

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DUET Acquisition Corp. does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.

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