Mizuho Securities USA LLC Has $3.88 Million Stock Holdings in Spark I Acquisition Corporation (NASDAQ:SPKL)

Key Points

• Mizuho Securities USA LLC increased its stake in Spark I Acquisition Corporation by 137.4% in the first quarter, owning a total of 362,265 shares valued at approximately $3.9 million.
• Other institutional investors, including Bulldog Investors LLP and D. E. Shaw & Co. Inc., have also raised their holdings in Spark I Acquisition, showcasing a trend of increased interest among hedge funds.
• The stock is currently trading at $10.96, with a 52-week range between $10.44 and $11.95, indicating a relatively stable stock price within that period.

Mizuho Securities USA LLC boosted its position in Spark I Acquisition Corporation (NASDAQ:SPKL - Free Report) by 137.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 362,265 shares of the company's stock after buying an additional 209,642 shares during the quarter. Mizuho Securities USA LLC owned approximately 2.21% of Spark I Acquisition worth $3,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bulldog Investors LLP grew its position in shares of Spark I Acquisition by 46.6% during the 4th quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock valued at $1,593,000 after buying an additional 47,616 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Spark I Acquisition by 12.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock valued at $1,864,000 after acquiring an additional 18,952 shares during the period. Toronto Dominion Bank bought a new position in shares of Spark I Acquisition during the fourth quarter valued at approximately $5,320,000. Finally, Wolverine Asset Management LLC raised its position in shares of Spark I Acquisition by 43.4% during the 1st quarter. Wolverine Asset Management LLC now owns 682,588 shares of the company's stock worth $7,379,000 after purchasing an additional 206,713 shares during the period. Institutional investors and hedge funds own 34.90% of the company's stock.

Spark I Acquisition Trading Down 0.5%

Shares of NASDAQ SPKL traded down $0.05 during mid-day trading on Wednesday, hitting $10.95. The company had a trading volume of 11,125 shares, compared to its average volume of 11,428. Spark I Acquisition Corporation has a 12 month low of $10.44 and a 12 month high of $11.95. The firm's 50 day simple moving average is $10.92 and its two-hundred day simple moving average is $10.83.

About Spark I Acquisition

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.