Burtech Acquisition (NASDAQ:BRKHU) Trading Down 8% – What’s Next?

Burtech Acquisition Corp. (NASDAQ:BRKHU) was down 8% on Wednesday . The company traded as low as $11.44 and last traded at $11.44. Approximately 264 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,718 shares. The stock had previously closed at $12.43.

Burtech Acquisition Trading Down 8.0 %

The firm has a fifty day moving average of $12.34 and a two-hundred day moving average of $11.60.

Institutional Investors Weigh In On Burtech Acquisition

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

Burtech Acquisition Company Profile

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.