JATT Acquisition (NYSE:JATT) Trading Up 1.7%

JATT Acquisition Corp (NYSE:JATTGet Rating) traded up 1.7% on Wednesday . The stock traded as high as $10.50 and last traded at $10.40. 6,537 shares traded hands during trading, a decline of 84% from the average session volume of 39,780 shares. The stock had previously closed at $10.23.

JATT Acquisition Price Performance

The business’s 50-day moving average is $10.19 and its two-hundred day moving average is $10.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JATT. Glazer Capital LLC increased its position in JATT Acquisition by 107.5% during the 3rd quarter. Glazer Capital LLC now owns 576,547 shares of the company’s stock worth $5,794,000 after purchasing an additional 298,728 shares during the period. Bank of Montreal Can acquired a new position in shares of JATT Acquisition during the 1st quarter worth $3,848,000. Westchester Capital Management LLC acquired a new position in shares of JATT Acquisition during the 3rd quarter worth $2,554,000. First Trust Capital Management L.P. purchased a new position in shares of JATT Acquisition in the 3rd quarter valued at about $1,193,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in shares of JATT Acquisition in the third quarter valued at about $1,067,000. 47.97% of the stock is currently owned by institutional investors and hedge funds.

JATT Acquisition Company Profile

(Get Rating)

JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector.

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