Voyager Acquisition Corp Unit (NASDAQ:VACHU) Trading 6% Higher – Should You Buy?

Voyager Acquisition Corp Unit (NASDAQ:VACHU) shares were up 6% during trading on Friday . The company traded as high as $18.83 and last traded at $14.74. Approximately 11,479 shares traded hands during trading, an increase of 398% from the average daily volume of 2,306 shares. The stock had previously closed at $13.90.

Voyager Acquisition Corp Unit Trading Up 6.0%

The stock has a 50-day moving average of $12.53 and a 200 day moving average of $11.40.

Institutional Trading of Voyager Acquisition Corp Unit

A hedge fund recently raised its stake in Voyager Acquisition Corp Unit stock. Clear Street Group Inc. lifted its holdings in shares of Voyager Acquisition Corp Unit (NASDAQ:VACHU) by 199.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,642 shares of the company’s stock after acquiring an additional 21,724 shares during the quarter. Clear Street Group Inc.’s holdings in Voyager Acquisition Corp Unit were worth $359,000 at the end of the most recent quarter.

About Voyager Acquisition Corp Unit

Voyager Acquisition Corp Unit (NASDAQ: VACHU) is a special purpose acquisition company, or SPAC, organized as a Delaware corporation. The company’s primary objective is to raise capital through an initial public offering and to use those proceeds to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. As a blank-check company, Voyager Acquisition Corp does not conduct any operations until it identifies and completes its initial business combination.

Each unit of Voyager Acquisition Corp consists of one share of common stock and one-third of a warrant, with each whole warrant entitling the holder to purchase one share of common stock at a specified exercise price.