Spring Valley Acquisition Corp. II (NASDAQ:SVII) Trading 0.1% Higher – Here’s Why

Spring Valley Acquisition Corp. II (NASDAQ:SVII)’s stock price traded up 0.1% on Friday . The stock traded as high as $11.35 and last traded at $11.33. 2,335 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 107,150 shares. The stock had previously closed at $11.32.

Spring Valley Acquisition Corp. II Price Performance

The company’s fifty day moving average is $11.24 and its two-hundred day moving average is $11.14.

Institutional Investors Weigh In On Spring Valley Acquisition Corp. II

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Berkley W R Corp grew its stake in shares of Spring Valley Acquisition Corp. II by 78.0% during the 2nd quarter. Berkley W R Corp now owns 1,101,435 shares of the company’s stock worth $12,237,000 after purchasing an additional 482,767 shares during the period. Periscope Capital Inc. grew its stake in shares of Spring Valley Acquisition Corp. II by 10.7% during the 1st quarter. Periscope Capital Inc. now owns 553,501 shares of the company’s stock worth $6,083,000 after purchasing an additional 53,501 shares during the period. Cowen AND Company LLC grew its stake in shares of Spring Valley Acquisition Corp. II by 15.7% during the 2nd quarter. Cowen AND Company LLC now owns 407,731 shares of the company’s stock worth $4,534,000 after purchasing an additional 55,238 shares during the period. Mizuho Securities USA LLC acquired a new stake in shares of Spring Valley Acquisition Corp. II during the 1st quarter worth approximately $3,893,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Spring Valley Acquisition Corp. II during the 1st quarter worth approximately $1,015,000. Institutional investors and hedge funds 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.