Broad Capital Acquisition Corp. (NASDAQ:BRAC) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC reduced its position in shares of Broad Capital Acquisition Corp. (NASDAQ:BRAC) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 317,925 shares of the company’s stock after selling 32,075 shares during the quarter. Rivernorth Capital Management LLC owned about 10.63% of Broad Capital Acquisition worth $3,624,000 as of its most recent SEC filing.

Broad Capital Acquisition Stock Performance

Shares of Broad Capital Acquisition stock opened at $11.72 on Friday. Broad Capital Acquisition Corp. has a 52 week low of $10.98 and a 52 week high of $12.31. The company’s 50-day moving average price is $11.55 and its two-hundred day moving average price is $11.45.

Broad Capital Acquisition Company Profile

Broad Capital Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.