Digital World Acquisition (NASDAQ:DWACU) Trading 19.7% Higher

Digital World Acquisition Corp. (NASDAQ:DWACU)’s share price traded up 19.7% during mid-day trading on Friday . The stock traded as high as $63.88 and last traded at $61.35. 5,200 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 3,704 shares. The stock had previously closed at $51.27.

Digital World Acquisition Stock Up 19.7 %

The firm’s fifty day moving average price is $55.68 and its 200-day moving average price is $34.93.

Institutional Trading of Digital World Acquisition

A number of large investors have recently added to or reduced their stakes in the business. Citigroup Inc. acquired a new position in Digital World Acquisition in the 1st quarter worth approximately $32,000. UBS Group AG boosted its stake in Digital World Acquisition by 641.3% in 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, Tower Research Capital LLC TRC boosted its stake in Digital World Acquisition by 124.4% in 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.

About Digital World Acquisition

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.