JATT Acquisition (NYSE:JATT) Shares Down 10.3%

JATT Acquisition Corp (NYSE:JATT) shares were down 10.3% on Friday . The stock traded as low as $3.25 and last traded at $3.31. Approximately 240,674 shares traded hands during trading, an increase of 482% from the average daily volume of 41,322 shares. The stock had previously closed at $3.69.

JATT Acquisition Trading Down 10.3 %

The company has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $4.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JATT. Royal Bank of Canada bought a new position in shares of JATT Acquisition in the first quarter worth approximately $138,000. Sculptor Capital LP bought a new position in shares of JATT Acquisition in the first quarter worth approximately $539,000. Glazer Capital LLC increased its position in shares of JATT Acquisition by 55.6% in the first quarter. Glazer Capital LLC now owns 82,925 shares of the company’s stock worth $822,000 after purchasing an additional 29,623 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new position in shares of JATT Acquisition in the third quarter worth approximately $1,067,000. Finally, Bank of Montreal Can bought a new position in shares of JATT Acquisition in the first quarter worth approximately $3,848,000. 47.97% of the stock is currently owned by institutional investors.

About JATT Acquisition

JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector.