Quetta Acquisition (NASDAQ:QETA) Trading Down 0.3% – Here’s Why

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

Quetta Acquisition Price Performance

The company’s 50-day moving average price is $10.65 and its two-hundred day moving average price is $10.54.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in shares of Quetta Acquisition by 24.6% during the third quarter. Tidal Investments LLC now owns 20,525 shares of the company’s stock worth $214,000 after acquiring an additional 4,055 shares during the period. Virtu Financial LLC acquired a new stake in Quetta Acquisition during the 3rd quarter worth approximately $329,000. Yakira Capital Management Inc. acquired a new stake in Quetta Acquisition during the 4th quarter worth approximately $633,000. Verition Fund Management LLC boosted its stake in Quetta Acquisition by 2.0% in the 3rd quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock valued at $1,441,000 after purchasing an additional 2,746 shares during the period. Finally, Berkley W R Corp acquired a new position in Quetta Acquisition in the 3rd quarter valued at $2,093,000. 84.33% of the stock is owned by institutional investors.

Quetta Acquisition Company Profile

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.