Alberta Investment Management Corp Invests $5.61 Million in Digital Asset Acquisition Corp. $DAAQ

Alberta Investment Management Corp purchased a new stake in Digital Asset Acquisition Corp. (NASDAQ:DAAQ) in the fourth quarter, HoldingsChannel reports. The firm purchased 550,000 shares of the company’s stock, valued at approximately $5,610,000.

Other institutional investors have also recently bought and sold shares of the company. Periscope Capital Inc. raised its position in Digital Asset Acquisition by 317.4% in the 4th quarter. Periscope Capital Inc. now owns 150,000 shares of the company’s stock worth $1,524,000 after purchasing an additional 114,062 shares during the last quarter. Verition Fund Management LLC boosted its position in Digital Asset Acquisition by 73.7% in the 4th quarter. Verition Fund Management LLC now owns 338,914 shares of the company’s stock valued at $3,457,000 after buying an additional 143,758 shares during the last quarter. DLD Asset Management LP increased its stake in shares of Digital Asset Acquisition by 79.7% in the 4th quarter. DLD Asset Management LP now owns 126,399 shares of the company’s stock valued at $1,284,000 after buying an additional 56,046 shares during the period. ABC Arbitrage SA acquired a new stake in shares of Digital Asset Acquisition in the 4th quarter valued at $254,000. Finally, Wolverine Asset Management LLC raised its position in shares of Digital Asset Acquisition by 36.0% during the fourth quarter. Wolverine Asset Management LLC now owns 162,613 shares of the company’s stock worth $1,652,000 after acquiring an additional 43,012 shares during the last quarter.

Digital Asset Acquisition Trading Up 0.1%

Shares of NASDAQ DAAQ opened at $10.34 on Wednesday. Digital Asset Acquisition Corp. has a fifty-two week low of $10.10 and a fifty-two week high of $11.24. The firm has a 50 day simple moving average of $10.30.

Digital Asset Acquisition (NASDAQ:DAAQ) last released its earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digital Asset Acquisition in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Digital Asset Acquisition has an average rating of “Sell”.

Digital Asset Acquisition Profile

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.