Digital Asset Acquisition (NASDAQ:DAAQ) Trading Down 0% – Should You Sell?

Posted by Alanna Baker on May 29th, 2026

Shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ – Get Free Report) dropped 0% during mid-day trading on Wednesday . The company traded as low as $10.31 and last traded at $10.3150. Approximately 11,993 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 50,973 shares. The stock had previously closed at $10.32.

Digital Asset Acquisition Price Performance

The business has a 50-day moving average of $10.28.

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

Hedge Funds Weigh In On Digital Asset Acquisition

A number of hedge funds have recently modified their holdings of the stock. Sona Asset Management US LLC acquired a new position in shares of Digital Asset Acquisition in the first quarter worth $2,614,000. Berkley W R Corp acquired a new position in shares of Digital Asset Acquisition in the first quarter worth $7,796,000. Cannon Global Investment Management LLC increased its stake in shares of Digital Asset Acquisition by 17.6% in the first quarter. Cannon Global Investment Management LLC now owns 19,400 shares of the company’s stock worth $199,000 after acquiring an additional 2,900 shares during the last quarter. Lineage Point Capital LP acquired a new position in shares of Digital Asset Acquisition in the fourth quarter worth $1,016,000. Finally, Virtu Financial LLC acquired a new position in shares of Digital Asset Acquisition in the fourth quarter worth $869,000.

Digital Asset Acquisition Company Profile

(Get Free Report)

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.