Western Acquisition Ventures (NASDAQ:WAVS) Trading Down 33.3% – Here’s What Happened

Western Acquisition Ventures Corp. (NASDAQ:WAVS) shares fell 33.3% on Tuesday . The stock traded as low as $10.00 and last traded at $12.00. 2,379 shares changed hands during trading, a decline of 59% from the average session volume of 5,866 shares. The stock had previously closed at $18.00.

Western Acquisition Ventures Stock Down 33.3 %

The stock’s fifty day simple moving average is $14.29 and its 200-day simple moving average is $12.08.

Institutional Trading of Western Acquisition Ventures

A hedge fund recently bought a new stake in Western Acquisition Ventures stock. Flow Traders U.S. LLC bought a new position in Western Acquisition Ventures Corp. (NASDAQ:WAVS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,295 shares of the company’s stock, valued at approximately $108,000. Flow Traders U.S. LLC owned 0.29% of Western Acquisition Ventures at the end of the most recent reporting period. Institutional investors and hedge funds own 6.55% of the company’s stock.

About Western Acquisition Ventures

Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries.