Quetta Acquisition (NASDAQ:QETA) Shares Down 0.3% – Time to Sell?

Quetta Acquisition Co. (NASDAQ:QETA)’s share price fell 0.3% during mid-day trading on Monday . The company traded as low as $10.66 and last traded at $10.72. 737 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 27,496 shares. The stock had previously closed at $10.75.

Quetta Acquisition Trading Down 0.1 %

The company has a 50 day simple moving average of $10.65 and a 200-day simple moving average of $10.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QETA. Toronto Dominion Bank acquired a new stake in shares of Quetta Acquisition in the 4th quarter worth approximately $6,496,000. Bulldog Investors LLP raised its holdings in Quetta Acquisition by 42.3% during the 4th quarter. Bulldog Investors LLP now owns 342,120 shares of the company’s stock worth $3,616,000 after buying an additional 101,675 shares during the period. Berkley W R Corp boosted its position in shares of Quetta Acquisition by 113.2% in the fourth quarter. Berkley W R Corp now owns 429,118 shares of the company’s stock worth $4,527,000 after buying an additional 227,884 shares during the period. Yakira Capital Management Inc. acquired a new position in shares of Quetta Acquisition in the 4th quarter valued at about $633,000. Finally, Wolverine Asset Management LLC boosted its position in Quetta Acquisition by 31.5% during the fourth quarter. Wolverine Asset Management LLC now owns 202,192 shares of the company’s stock valued at $2,133,000 after purchasing an additional 48,400 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

About Quetta Acquisition

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.