ESH Acquisition (NASDAQ:ESHA) Shares Down 0.1% – Here’s Why

Shares of ESH Acquisition Corp. (NASDAQ:ESHA) were down 0.1% during trading on Monday . The company traded as low as $10.77 and last traded at $10.76. Approximately 1,000 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 51,220 shares. The stock had previously closed at $10.77.

ESH Acquisition Price Performance

The stock’s 50 day simple moving average is $10.80 and its 200 day simple moving average is $10.75.

Hedge Funds Weigh In On ESH Acquisition

A number of hedge funds have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. grew its stake in ESH Acquisition by 63.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 489,861 shares of the company’s stock worth $5,197,000 after acquiring an additional 189,861 shares in the last quarter. Berkley W R Corp boosted its stake in shares of ESH Acquisition by 503.5% during the third quarter. Berkley W R Corp now owns 436,057 shares of the company’s stock valued at $4,627,000 after purchasing an additional 363,807 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of ESH Acquisition by 0.4% during the third quarter. Verition Fund Management LLC now owns 250,945 shares of the company’s stock valued at $2,660,000 after purchasing an additional 1,061 shares in the last quarter. Crossingbridge Advisors LLC boosted its stake in shares of ESH Acquisition by 10.1% during the third quarter. Crossingbridge Advisors LLC now owns 330,815 shares of the company’s stock valued at $3,507,000 after purchasing an additional 30,225 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of ESH Acquisition by 94.6% during the third quarter. Mizuho Securities USA LLC now owns 509,286 shares of the company’s stock valued at $5,378,000 after purchasing an additional 247,521 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

About ESH Acquisition

ESH Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets in the sports, hospitality, and music and entertainment sectors.