Kochav Defense Acquisition (NASDAQ:KCHVU) Trading Up 1.4% – What’s Next?

Kochav Defense Acquisition Corp. (NASDAQ:KCHVU) shot up 1.4% on Thursday . The stock traded as high as $10.55 and last traded at $10.55. 200 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 4,217 shares. The stock had previously closed at $10.40.

Kochav Defense Acquisition Trading Up 1.4%

The firm has a fifty day moving average of $10.40 and a 200 day moving average of $10.35.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Kochav Defense Acquisition in the second quarter valued at $153,000. Boothbay Fund Management LLC acquired a new position in Kochav Defense Acquisition in the 2nd quarter worth $478,000. BCK Capital Management LP purchased a new position in Kochav Defense Acquisition in the 2nd quarter valued at about $509,000. Warberg Asset Management LLC acquired a new stake in shares of Kochav Defense Acquisition during the second quarter valued at about $796,000. Finally, StoneX Group Inc. acquired a new stake in shares of Kochav Defense Acquisition during the second quarter valued at about $1,272,000.

Kochav Defense Acquisition Company Profile

Kochav Defense Acquisition Corp (NASDAQ:KCHVU) is a Delaware-incorporated special-purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses in the defense sector. The company completed its initial public offering to raise capital for the acquisition of companies operating in areas such as aerospace and defense technologies, national security solutions, cybersecurity, unmanned systems and related high-tech fields. As a development-stage company, Kochav Defense Acquisition currently holds its IPO proceeds in trust and has no commercial operations at present.

The SPAC structure provides investors with units comprising shares of common stock and accompanying warrants, offering potential upside upon the completion of a qualifying business combination.