JATT Acquisition (NYSE:JATT) Trading Down 1.3% – Here’s What Happened

Shares of JATT Acquisition Corp (NYSE:JATT) were down 1.3% during mid-day trading on Tuesday . The stock traded as low as $12.00 and last traded at $11.9960. 3,927 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 20,976 shares. The stock had previously closed at $12.16.

JATT Acquisition Trading Down 1.3%

The company has a 50 day simple moving average of $12.10 and a 200 day simple moving average of $10.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in JATT Acquisition stock. Spruce Street Capital LP bought a new position in shares of JATT Acquisition Corp (NYSE:JATT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 160,000 shares of the company’s stock, valued at approximately $1,817,600. Spruce Street Capital LP owned about 1.99% of JATT Acquisition as of its most recent SEC filing. 47.97% of the stock is owned by institutional investors and hedge funds.

JATT Acquisition Company Profile

JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector. JATT Acquisition Corp was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.