Digital Asset Acquisition Corp. (NASDAQ:DAAQU – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,100 shares,  a decrease of 32.3% from the September 30th total of 3,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the company are sold short. 
Digital Asset Acquisition Trading Down 0.1%
DAAQU stock opened at $10.61 on Friday. Digital Asset Acquisition has a 1 year low of $10.06 and a 1 year high of $11.70. The company has a fifty day moving average of $10.57.
Hedge Funds Weigh In On Digital Asset Acquisition
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Harraden Circle Investments LLC bought a new position in Digital Asset Acquisition in the 2nd quarter worth approximately $540,000. Clear Street LLC acquired a new position in Digital Asset Acquisition during the 2nd quarter worth $124,000. DLD Asset Management LP bought a new position in shares of Digital Asset Acquisition in the second quarter worth $507,000. Alberta Investment Management Corp bought a new position in shares of Digital Asset Acquisition in the second quarter worth $5,990,000. Finally, Wealthspring Capital LLC acquired a new position in shares of Digital Asset Acquisition during the second quarter valued at $2,231,000.
Digital Asset Acquisition Company Profile
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.
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