Spring Valley Acquisition Corp. II (NASDAQ:SVII) Stock Price Up 0.2% - What's Next?

Key Points

• Spring Valley Acquisition Corp. II (NASDAQ:SVII) saw a slight increase of 0.2% in stock price, trading at $12.35 after reaching a high of $12.45 during the day.
• Recent institutional investments included a new position by Toronto Dominion Bank valued at about $1,014,000, along with significant stake increases from Mizuho Securities and Clear Street LLC.
• As of now, approximately 89.78% of SVII's stock is owned by hedge funds and institutional investors, reflecting strong confidence in the company despite its lack of significant operations.

Spring Valley Acquisition Corp. II (NASDAQ:SVII - ) rose 0.2% during trading on Tuesday . The stock traded as high as $12.45 and last traded at $12.35. Approximately 76,639 shares traded hands during trading, an increase of 108% from the average daily volume of 36,833 shares. The stock had previously closed at $12.32.

Spring Valley Acquisition Corp. II Stock Performance

The firm's 50-day simple moving average is $12.03 and its 200 day simple moving average is $11.77.

Institutional Investors Weigh In On Spring Valley Acquisition Corp. II

Several institutional investors and hedge funds have recently made changes to their positions in SVII. Tidal Investments LLC acquired a new position in Spring Valley Acquisition Corp. II in the 4th quarter valued at about $147,000. Toronto Dominion Bank acquired a new position in Spring Valley Acquisition Corp. II in the 4th quarter valued at about $1,014,000. Mizuho Securities USA LLC raised its stake 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 valued at $2,326,000 after purchasing an additional 28,336 shares during the last quarter. Finally, Clear Street LLC raised its stake in Spring Valley Acquisition Corp. II by 7,870.5% in the 2nd quarter. Clear Street LLC now owns 35,628 shares of the company's stock valued at $419,000 after purchasing an additional 35,181 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Spring Valley Acquisition Corp. II Company Profile

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.

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