Burtech Acquisition (NASDAQ:BRKH) Shares Up 13.9% – Here’s What Happened

Burtech Acquisition Corp. (NASDAQ:BRKH)’s share price traded up 13.9% during trading on Monday . The stock traded as high as $29.61 and last traded at $15.00. 2,989 shares were traded during trading, a decline of 89% from the average session volume of 27,399 shares. The stock had previously closed at $13.18.

Burtech Acquisition Trading Down 3.4 %

The company has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $11.36.

Institutional Investors Weigh In On Burtech Acquisition

A number of large investors have recently added to or reduced their stakes in BRKH. Clear Street LLC raised its position in shares of Burtech Acquisition by 141.8% in the second quarter. Clear Street LLC now owns 3,206 shares of the company’s stock valued at $36,000 after purchasing an additional 1,880 shares during the period. Mizuho Securities USA LLC grew its stake in Burtech Acquisition by 3.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 477,327 shares of the company’s stock valued at $5,360,000 after buying an additional 14,843 shares during the last quarter. Finally, Spartan Fund Management Inc. bought a new position in Burtech Acquisition in the 3rd quarter worth $1,693,000. Institutional investors own 97.12% of the company’s stock.

About Burtech Acquisition

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.