Spartan Fund Management Inc. Invests $1.69 Million in Burtech Acquisition Corp. (NASDAQ:BRKH)

Spartan Fund Management Inc. purchased a new position in shares of Burtech Acquisition Corp. (NASDAQ:BRKH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,100 shares of the company’s stock, valued at approximately $1,693,000. Burtech Acquisition accounts for 5.1% of Spartan Fund Management Inc.’s portfolio, making the stock its 6th biggest holding. Spartan Fund Management Inc. owned 0.99% of Burtech Acquisition at the end of the most recent quarter.

Separately, Clear Street LLC boosted its position in shares of Burtech Acquisition by 141.8% in the second quarter. Clear Street LLC now owns 3,206 shares of the company’s stock worth $36,000 after acquiring an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 97.12% of the company’s stock.

Burtech Acquisition Stock Performance

NASDAQ:BRKH traded up $0.01 during trading hours on Tuesday, reaching $11.37. 194 shares of the company were exchanged, compared to its average volume of 13,101. The stock has a 50 day simple moving average of $11.27 and a 200 day simple moving average of $11.18. Burtech Acquisition Corp. has a 52-week low of $10.57 and a 52-week high of $11.37.

Burtech Acquisition Company Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.