DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading Down 0% - Should You Sell?

Key Points

• The stock price of DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) saw no change on Wednesday, trading at $10.49 with a significant increase in trading volume of 723% compared to its average daily volume.
• Institutional investors have been actively increasing their stakes in the company, with Wealthspring Capital LLC raising its position by an astounding 1,284.4% during the second quarter.
• DT Cloud Star Acquisition focuses on business combinations, having been incorporated in 2022 and is based in Brooklyn, New York.

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ - )'s stock price dropped 0% on Wednesday . The stock traded as low as $10.45 and last traded at $10.49. Approximately 168,301 shares were traded during trading, an increase of 723% from the average daily volume of 20,458 shares. The stock had previously closed at $10.49.

DT Cloud Star Acquisition Stock Performance

The company has a fifty day moving average of $10.48 and a two-hundred day moving average of $10.39.

Institutional Trading of DT Cloud Star Acquisition

Several hedge funds have recently added to or reduced their stakes in the company. Wealthspring Capital LLC increased its stake in DT Cloud Star Acquisition by 1,284.4% during the 2nd quarter. Wealthspring Capital LLC now owns 247,800 shares of the company's stock worth $2,572,000 after acquiring an additional 229,900 shares during the period. Westchester Capital Management LLC increased its stake in DT Cloud Star Acquisition by 182.0% during the 1st quarter. Westchester Capital Management LLC now owns 352,500 shares of the company's stock worth $3,613,000 after acquiring an additional 227,500 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in DT Cloud Star Acquisition by 100.0% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company's stock worth $2,408,000 after acquiring an additional 116,000 shares during the period. Quarry LP increased its stake in DT Cloud Star Acquisition by 100.0% during the 1st quarter. Quarry LP now owns 200,000 shares of the company's stock worth $2,052,000 after acquiring an additional 100,000 shares during the period. Finally, Mizuho Securities USA LLC increased its stake in DT Cloud Star Acquisition by 13.6% during the 1st quarter. Mizuho Securities USA LLC now owns 786,920 shares of the company's stock worth $7,987,000 after acquiring an additional 94,420 shares during the period.

About DT Cloud Star Acquisition

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.

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