Digital World Acquisition (NASDAQ:DWACU) Trading 2.5% Higher

Shares of Digital World Acquisition Corp. (NASDAQ:DWACU – Get Rating) traded up 2.5% during mid-day trading on Friday . The company traded as high as $18.99 and last traded at $18.66. 1,154 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 1,045 shares. The stock had previously closed at $18.21.

Digital World Acquisition Stock Up 2.5 %

The business has a 50 day moving average of $21.59 and a 200-day moving average of $24.94.

Institutional Investors Weigh In On Digital World Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Digital World Acquisition by 124.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,238 shares during the period. UBS Group AG lifted its stake in shares of Digital World Acquisition by 641.3% during the 1st quarter. UBS Group AG now owns 556 shares of the company’s stock worth $42,000 after purchasing an additional 481 shares during the period. Finally, Citigroup Inc. purchased a new position in shares of Digital World Acquisition during the 1st quarter worth $32,000.

Digital World Acquisition Company Profile

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Digital World Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify on technology-focused companies in the SaaS and technology, or fintech and financial services sector in the Americas.