Roth Ch Acquisition V (NASDAQ:ROCL) Trading Down 2.2% – Here’s Why

Roth Ch Acquisition V Co. (NASDAQ:ROCL)’s share price traded down 2.2% on Monday . The company traded as low as $11.31 and last traded at $11.38. Approximately 55,540 shares changed hands during trading, an increase of 362% from the average session volume of 12,029 shares. The stock had previously closed at $11.64.

Roth Ch Acquisition V Stock Down 2.2 %

The stock has a 50 day moving average price of $11.30 and a 200-day moving average price of $11.16.

Institutional Investors Weigh In On Roth Ch Acquisition V

A number of institutional investors have recently added to or reduced their stakes in ROCL. Warberg Asset Management LLC purchased a new position in shares of Roth Ch Acquisition V in the 2nd quarter worth $493,000. SkyView Investment Advisors LLC bought a new position in Roth Ch Acquisition V in the 1st quarter valued at $1,473,000. Finally, Cowen AND Company LLC increased its stake in Roth Ch Acquisition V by 317.1% in the second quarter. Cowen AND Company LLC now owns 235,000 shares of the company’s stock worth $2,571,000 after purchasing an additional 178,653 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

Roth Ch Acquisition V Company Profile

Roth Ch Acquisition V Co does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to acquire businesses in the business services, consumer, healthcare, technology, wellness, and sustainability sectors.