EGH Acquisition (NASDAQ:EGHAU) Trading Down 0.2% – Here’s Why

EGH Acquisition Corp. (NASDAQ:EGHAU) fell 0.2% during mid-day trading on Tuesday . The company traded as low as $10.34 and last traded at $10.34. 2,000 shares changed hands during trading, a decline of 93% from the average session volume of 27,758 shares. The stock had previously closed at $10.36.

EGH Acquisition Stock Down 0.2%

The company’s fifty day moving average price is $10.37 and its two-hundred day moving average price is $10.33.

Institutional Trading of EGH Acquisition

Several hedge funds have recently modified their holdings of the company. AQR Arbitrage LLC bought a new position in shares of EGH Acquisition in the second quarter valued at approximately $12,401,000. Linden Advisors LP acquired a new stake in EGH Acquisition during the 2nd quarter valued at $12,228,000. LMR Partners LLP bought a new position in EGH Acquisition in the 2nd quarter valued at $7,133,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in EGH Acquisition in the 2nd quarter valued at $7,133,000. Finally, Magnetar Financial LLC acquired a new position in EGH Acquisition in the second quarter worth $6,114,000.

About EGH Acquisition

EGH Acquisition Corp is a Delaware special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a business combination. Its units began trading on the Nasdaq under the symbol EGHAU in October 2021, and its sole assets consist of the proceeds from its IPO held in a trust account.

The company’s primary activity is to identify and complete a merger, capital stock exchange, share purchase, asset acquisition or other business combination with one or more businesses.