Tavia Acquisition Corp. $TAVI Shares Sold by AQR Arbitrage LLC

Key Points

• AQR Arbitrage LLC reduced its stake in Tavia Acquisition Corp. by 26.3%, selling 249,404 shares, and now holds around 700,596 shares valued at approximately $7.07 million.
• Several institutional investors, including Dakota Wealth Management and Mizuho Securities USA LLC, initiated new positions in Tavia Acquisition during the first quarter, which highlights increasing interest in the company.
• Tavia Acquisition Corp. is a blank check company aiming to execute business combinations, and its current share price fluctuates around $10.30, with a one-year trading range between $9.89 and $10.72.

AQR Arbitrage LLC lessened its stake in Tavia Acquisition Corp. (NASDAQ:TAVI - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 700,596 shares of the company's stock after selling 249,404 shares during the quarter. AQR Arbitrage LLC owned about 5.05% of Tavia Acquisition worth $7,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dakota Wealth Management acquired a new stake in shares of Tavia Acquisition in the first quarter valued at approximately $234,000. Wealthspring Capital LLC acquired a new stake in shares of Tavia Acquisition in the first quarter valued at approximately $251,000. Virtu Financial LLC acquired a new stake in shares of Tavia Acquisition in the first quarter valued at approximately $332,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Tavia Acquisition in the fourth quarter valued at approximately $1,984,000. Finally, Mizuho Securities USA LLC acquired a new stake in shares of Tavia Acquisition in the first quarter valued at approximately $2,228,000.

Tavia Acquisition Price Performance

Shares of NASDAQ:TAVI traded up $0.01 during midday trading on Friday, hitting $10.29. The company had a trading volume of 10,292 shares, compared to its average volume of 1,911. Tavia Acquisition Corp. has a twelve month low of $9.89 and a twelve month high of $10.72. The business's 50-day simple moving average is $10.28 and its 200-day simple moving average is $10.17.

Tavia Acquisition Company Profile

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.