Mizuho Securities USA LLC Trims Stock Position in DT Cloud Acquisition Corporation (NASDAQ:DYCQ)

Key Points

• Mizuho Securities USA LLC has reduced its stake in DT Cloud Acquisition Corporation by 14.1%, selling 102,697 shares and holding 627,003 shares at the end of the first quarter.
• Other hedge funds, such as Toronto Dominion Bank and Berkley W R Corp, have also adjusted their positions in DT Cloud Acquisition, indicating a changing interest among institutional investors.
• DT Cloud Acquisition's stock is currently trading at $11.03, with a 1-year range between $10.23 and $11.63, and has not yet established significant operations since its incorporation in 2022.

Mizuho Securities USA LLC reduced its position in DT Cloud Acquisition Corporation (NASDAQ:DYCQ - Free Report) by 14.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 627,003 shares of the company's stock after selling 102,697 shares during the quarter. Mizuho Securities USA LLC owned about 9.26% of DT Cloud Acquisition worth $6,646,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Berkley W R Corp raised its stake in shares of DT Cloud Acquisition by 15.4% during the fourth quarter. Berkley W R Corp now owns 372,910 shares of the company's stock worth $3,893,000 after acquiring an additional 49,700 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of DT Cloud Acquisition by 57.5% in the first quarter. Wolverine Asset Management LLC now owns 367,743 shares of the company's stock worth $3,942,000 after buying an additional 134,302 shares during the period. Toronto Dominion Bank purchased a new position in shares of DT Cloud Acquisition in the fourth quarter worth $2,654,000. Finally, Tabor Asset Management LP purchased a new position in shares of DT Cloud Acquisition in the first quarter worth $2,951,000.

DT Cloud Acquisition Stock Up 0.1%

Shares of NASDAQ DYCQ traded up $0.02 during mid-day trading on Thursday, hitting $10.94. The stock had a trading volume of 297 shares, compared to its average volume of 5,807. DT Cloud Acquisition Corporation has a 1 year low of $10.27 and a 1 year high of $11.63. The business has a 50 day moving average price of $10.83 and a two-hundred day moving average price of $10.72.

About DT Cloud Acquisition

DT Cloud Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. The company was incorporated in 2022 and is based in London, the United Kingdom.