Oak Woods Acquisition (NASDAQ:OAKU) Trading 1.5% Higher - Here's Why

Oak Woods Acquisition Co. (NASDAQ:OAKU - Get Free Report) shares were up 1.5% on Monday . The company traded as high as $11.66 and last traded at $11.81. Approximately 3,058 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 30,213 shares. The stock had previously closed at $11.63.

Oak Woods Acquisition Trading Up 0.2 %

The company's fifty day moving average price is $11.61 and its 200-day moving average price is $11.42.

Institutional Investors Weigh In On Oak Woods Acquisition

Institutional investors have recently modified their holdings of the stock. Spartan Fund Management Inc. purchased a new position in shares of Oak Woods Acquisition in the 4th quarter worth about $37,000. Boothbay Fund Management LLC bought a new stake in Oak Woods Acquisition during the 4th quarter valued at about $285,000. BCK Capital Management LP purchased a new position in Oak Woods Acquisition in the fourth quarter worth about $421,000. SkyView Investment Advisors LLC bought a new position in shares of Oak Woods Acquisition in the third quarter worth approximately $445,000. Finally, Quarry LP grew its holdings in shares of Oak Woods Acquisition by 100.3% during the fourth quarter. Quarry LP now owns 73,900 shares of the company's stock valued at $839,000 after buying an additional 37,000 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Oak Woods Acquisition Company Profile

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.