DUET Acquisition (NASDAQ:DUET) Stock Price Down 0.5%

DUET Acquisition Corp. (NASDAQ:DUET) was down 0.5% on Friday . The company traded as low as $11.26 and last traded at $11.26. Approximately 1,564 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 2,708 shares. The stock had previously closed at $11.32.

DUET Acquisition Stock Performance

The firm’s 50 day moving average is $11.20 and its two-hundred day moving average is $11.08.

Institutional Investors Weigh In On DUET Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in DUET Acquisition during the 4th quarter valued at $35,000. Clear Street LLC lifted its holdings in shares of DUET Acquisition by 177.0% in the second quarter. Clear Street LLC now owns 8,693 shares of the company’s stock valued at $97,000 after buying an additional 5,555 shares during the period. Wolverine Asset Management LLC grew its holdings in DUET Acquisition by 35.9% during the second quarter. Wolverine Asset Management LLC now owns 14,000 shares of the company’s stock worth $156,000 after acquiring an additional 3,702 shares during the period. K2 Principal Fund L.P. acquired a new position in DUET Acquisition during the first quarter worth about $456,000. Finally, Warberg Asset Management LLC bought a new stake in DUET Acquisition in the second quarter worth about $562,000. 55.25% of the stock is currently owned by institutional investors.

About DUET Acquisition

DUET Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.