Broad Capital Acquisition (NASDAQ:BRAC) Trading Down 1.6%

Broad Capital Acquisition Corp. (NASDAQ:BRAC) traded down 1.6% during trading on Wednesday . The company traded as low as $11.32 and last traded at $11.32. 133 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 4,645 shares. The stock had previously closed at $11.50.

Broad Capital Acquisition Trading Down 1.6 %

The firm has a 50-day simple moving average of $11.46 and a two-hundred day simple moving average of $11.35.

Hedge Funds Weigh In On Broad Capital Acquisition

An institutional investor recently raised its position in Broad Capital Acquisition stock. Berkley W R Corp grew its holdings in shares of Broad Capital Acquisition Corp. (NASDAQ:BRAC) by 348.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,702 shares of the company’s stock after purchasing an additional 243,702 shares during the period. Berkley W R Corp owned about 10.49% of Broad Capital Acquisition worth $3,495,000 at the end of the most recent quarter.

About Broad Capital Acquisition

Broad Capital Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.