Black Hawk Acquisition (NASDAQ:BKHA) Trading 0.5% Higher – Here’s Why

Black Hawk Acquisition Co. (NASDAQ:BKHA)’s share price was up 0.5% during trading on Thursday . The company traded as high as $10.48 and last traded at $10.48. Approximately 100 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 2,041 shares. The stock had previously closed at $10.43.

Black Hawk Acquisition Price Performance

The company has a 50-day moving average price of $10.41 and a two-hundred day moving average price of $10.32.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought a new position in shares of Black Hawk Acquisition in the fourth quarter valued at approximately $4,995,000. Polar Asset Management Partners Inc. bought a new stake in Black Hawk Acquisition during the 4th quarter worth approximately $1,038,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Black Hawk Acquisition in the 4th quarter worth approximately $243,000. Mizuho Securities USA LLC boosted its holdings in Black Hawk Acquisition by 14.2% in the 4th quarter. Mizuho Securities USA LLC now owns 688,075 shares of the company’s stock valued at $7,108,000 after purchasing an additional 85,635 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Black Hawk Acquisition by 181.8% during the 4th quarter. Wolverine Asset Management LLC now owns 319,069 shares of the company’s stock valued at $3,312,000 after purchasing an additional 205,826 shares in the last quarter.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.