DHC Acquisition (NASDAQ:DHCA) Trading Down 6.8%

DHC Acquisition Corp. (NASDAQ:DHCA) shares traded down 6.8% during mid-day trading on Tuesday . The stock traded as low as $6.39 and last traded at $7.70. 54,300 shares were traded during mid-day trading, a decline of 1% from the average session volume of 54,848 shares. The stock had previously closed at $8.26.

DHC Acquisition Stock Down 6.8 %

The company has a 50 day simple moving average of $9.13 and a 200-day simple moving average of $10.10.

Hedge Funds Weigh In On DHC Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of DHCA. Centiva Capital LP acquired a new stake in DHC Acquisition during the second quarter worth approximately $206,000. Mangrove Partners acquired a new position in DHC Acquisition during the fourth quarter valued at approximately $258,000. Toroso Investments LLC raised its position in DHC Acquisition by 57.8% during the third quarter. Toroso Investments LLC now owns 26,059 shares of the company’s stock valued at $277,000 after purchasing an additional 9,547 shares in the last quarter. Basso Capital Management L.P. acquired a new position in DHC Acquisition during the first quarter valued at approximately $364,000. Finally, Robinson Capital Management LLC grew its stake in shares of DHC Acquisition by 130.5% during the third quarter. Robinson Capital Management LLC now owns 38,059 shares of the company’s stock worth $401,000 after buying an additional 21,547 shares during the last quarter. Institutional investors own 37.95% of the company’s stock.

DHC Acquisition Company Profile

DHC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus its search on technology and technology-enabled business in the automotive, consumer, aerospace/defense, enterprise software, or E-commerce sectors.