Burtech Acquisition (NASDAQ:BRKHU) Trading Up 1.4% – Here’s What Happened

Burtech Acquisition Corp. (NASDAQ:BRKHU)’s share price was up 1.4% on Friday . The company traded as high as $11.60 and last traded at $11.60. Approximately 1,300 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 1,638 shares. The stock had previously closed at $11.44.

Burtech Acquisition Trading Up 1.4 %

The business has a 50-day moving average of $12.06 and a two-hundred day moving average of $11.70.

Hedge Funds Weigh In On Burtech Acquisition

A hedge fund recently raised its stake in Burtech Acquisition stock. Clear Street LLC boosted its holdings in Burtech Acquisition Corp. (NASDAQ:BRKHU) by 92.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,900 shares of the company’s stock after acquiring an additional 2,354 shares during the quarter. Clear Street LLC’s holdings in Burtech Acquisition were worth $56,000 at the end of the most recent quarter.

About Burtech Acquisition

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.