Burtech Acquisition (NASDAQ:BRKH) Stock Price Up 0% – What’s Next?

Burtech Acquisition Corp. (NASDAQ:BRKH) rose 0% on Monday . The company traded as high as $11.37 and last traded at $11.37. Approximately 194 shares were traded during trading, a decline of 99% from the average daily volume of 13,101 shares. The stock had previously closed at $11.36.

Burtech Acquisition Stock Performance

The stock has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $11.18.

Hedge Funds Weigh In On Burtech Acquisition

An institutional investor recently bought a new position in Burtech Acquisition stock. Spartan Fund Management Inc. purchased a new stake in Burtech Acquisition Corp. (NASDAQ:BRKH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 150,100 shares of the company’s stock, valued at approximately $1,693,000. Burtech Acquisition comprises approximately 5.1% of Spartan Fund Management Inc.’s investment portfolio, making the stock its 6th largest position. Spartan Fund Management Inc. owned approximately 0.99% of Burtech Acquisition as of its most recent filing with the SEC. 97.12% of the stock is owned by institutional investors.

Burtech Acquisition Company Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.