Spring Valley Acquisition Corp. II (NASDAQ:SVII) Shares Down 2.9% - Here's Why

Key Points

• Spring Valley Acquisition Corp. II's shares fell by 2.9% on Wednesday, closing at $11.87, after previously trading at $12.22.
• Institutional investors hold 89.78% of the company's stock, with Mizuho Securities USA LLC increasing its stake by 16.1% recently.
• The company, incorporated in 2021 and based in Dallas, Texas, aims to engage in various business combinations but does not have significant operations currently.

Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report) traded down 2.9% during mid-day trading on Wednesday . The stock traded as low as $11.86 and last traded at $11.87. 57,131 shares changed hands during trading, an increase of 46% from the average session volume of 39,087 shares. The stock had previously closed at $12.22.

Spring Valley Acquisition Corp. II Stock Performance

The company has a 50 day moving average price of $11.80 and a 200 day moving average price of $11.61.

Hedge Funds Weigh In On Spring Valley Acquisition Corp. II

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Spring Valley Acquisition Corp. II by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 12,670 shares of the company's stock worth $143,000 after purchasing an additional 1,679 shares during the period. Toronto Dominion Bank bought a new position in shares of Spring Valley Acquisition Corp. II during the 4th quarter valued at $1,014,000. Tidal Investments LLC bought a new position in shares of Spring Valley Acquisition Corp. II during the 4th quarter valued at $147,000. Finally, Mizuho Securities USA LLC raised its holdings in Spring Valley Acquisition Corp. II by 16.1% in the 1st quarter. Mizuho Securities USA LLC now owns 204,004 shares of the company's stock worth $2,326,000 after acquiring an additional 28,336 shares during the period. Institutional investors own 89.78% of the company's stock.

About Spring Valley Acquisition Corp. II

Spring Valley Acquisition Corp. II does not have significant operations. It intends effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. The company was incorporated in 2021 and is based in Dallas, Texas.