Broad Capital Acquisition (NASDAQ:BRAC) Trading Down 1.6%

Shares of Broad Capital Acquisition Corp. (NASDAQ:BRAC) were down 1.6% during trading on Wednesday . The company traded as low as $11.32 and last traded at $11.32. Approximately 133 shares changed hands during trading, a decline of 97% from the average daily volume of 4,645 shares. The stock had previously closed at $11.50.

Broad Capital Acquisition Price Performance

The company’s fifty day simple moving average is $11.46 and its 200 day simple moving average is $11.35.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broad Capital Acquisition stock. Berkley W R Corp raised its position in shares of Broad Capital Acquisition Corp. (NASDAQ:BRAC) by 348.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,702 shares of the company’s stock after acquiring an additional 243,702 shares during the period. Berkley W R Corp owned approximately 10.49% of Broad Capital Acquisition worth $3,495,000 at the end of the most recent quarter.

Broad Capital Acquisition Company Profile

Broad Capital Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.