Eureka Acquisition (NASDAQ:EURKU) Shares Up 1.3% – Still a Buy?

Eureka Acquisition Corp (NASDAQ:EURKU) shares were up 1.3% on Friday . The company traded as high as $10.89 and last traded at $10.89. Approximately 2 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 556 shares. The stock had previously closed at $10.75.

Eureka Acquisition Stock Up 1.3%

The business’s 50-day moving average price is $10.93 and its 200-day moving average price is $10.87.

Institutional Investors Weigh In On Eureka Acquisition

A hedge fund recently bought a new stake in Eureka Acquisition stock. Clear Street Group Inc. purchased a new stake in shares of Eureka Acquisition Corp (NASDAQ:EURKU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,281 shares of the company’s stock, valued at approximately $166,000.

Eureka Acquisition Company Profile

Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware, whose primary objective is to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. The company conducted its initial public offering of units on the Nasdaq under the ticker EURKU. These units consist of one share of common stock and a fraction of a warrant, providing investors with both equity and potential upside participation in future business combinations.

As a blank‐check vehicle, Eureka Acquisition has no commercial operations of its own.