Radcliffe Capital Management L.P. Increases Position in Digital Asset Acquisition Corp. $DAAQ

Radcliffe Capital Management L.P. lifted its position in Digital Asset Acquisition Corp. (NASDAQ:DAAQ) by 267.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 474,579 shares of the company’s stock after acquiring an additional 345,411 shares during the period. Radcliffe Capital Management L.P.’s holdings in Digital Asset Acquisition were worth $4,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new stake in Digital Asset Acquisition during the 4th quarter worth about $5,610,000. Verition Fund Management LLC increased its holdings in shares of Digital Asset Acquisition by 73.7% in the fourth quarter. Verition Fund Management LLC now owns 338,914 shares of the company’s stock valued at $3,457,000 after purchasing an additional 143,758 shares during the period. DLD Asset Management LP increased its holdings in shares of Digital Asset Acquisition by 79.7% in the fourth quarter. DLD Asset Management LP now owns 126,399 shares of the company’s stock valued at $1,284,000 after purchasing an additional 56,046 shares during the period. Periscope Capital Inc. raised its stake in shares of Digital Asset Acquisition by 317.4% in the fourth quarter. Periscope Capital Inc. now owns 150,000 shares of the company’s stock worth $1,524,000 after purchasing an additional 114,062 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of Digital Asset Acquisition in the fourth quarter worth about $254,000.

Digital Asset Acquisition Trading Up 0.1%

NASDAQ:DAAQ opened at $10.34 on Wednesday. The business has a fifty day simple moving average of $10.30. Digital Asset Acquisition Corp. has a 1-year low of $10.10 and a 1-year high of $11.24.

Digital Asset Acquisition (NASDAQ:DAAQ) last posted its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digital Asset Acquisition in a report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Digital Asset Acquisition

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.