Susquehanna Financial Group LLLP recently announced the acquisition of new stake in Digital World Acquisition Corp (NASDAQ:DWAC). The institutional investor has increased its shareholding in the Financial company by 45.85% to 0.68 million shares with purchase of 0.21 million shares. This fresh investment now brings its stake to 2.27% valued currently at $11.9 million. In addition, Atika Capital Management LLC raised its holdings by 0.11 million to 0.11 million shares. And Buckingham Strategic Wealth LLC has lifted its position by 160.69% or 49990.0 shares – to 81100.0 shares.
Currently, there are 30.02M common shares owned by the public and among those 28.89M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Nasdaq Composite Index F owns 17141.0 shares of the company’s stock, all valued at over $0.3 million.
The company’s stock has a 5-day price change of 186.89% and 231.93% over the past three months. DWAC shares are trading 183.94% year to date (YTD), with the 12-month market performance up to 218.32% higher. It has a 12-month low price of $12.34 and touched a high of $28.70 over the same period. DWAC has an average intraday trading volume of 776.39K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 164.56%, 180.84%, and 224.86% respectively.
Institutional ownership of Digital World Acquisition Corp (NASDAQ: DWAC) shares accounts for 3.34% of the company’s 30.02M shares outstanding. Mutual fund holders own 0.06%, while other institutional holders and individual stakeholders account for 4.08% and — respectively.
It has a market capitalization of $1.85B and a beta (3y monthly) value of 6.48. The earnings-per-share (ttm) stands at -$0.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 32.10% over the week and 9.35% over the month.
