Texas Ventures Acquisition III Corp (NASDAQ:TVACU – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 369 shares, a drop of 55.4% from the June 30th total of 827 shares. Based on an average daily trading volume, of 417 shares, the days-to-cover ratio is presently 0.9 days.
Hedge Funds Weigh In On Texas Ventures Acquisition III
A number of large investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC bought a new position in shares of Texas Ventures Acquisition III in the second quarter worth approximately $666,000. Clear Street Group Inc. raised its holdings in Texas Ventures Acquisition III by 66.3% during the 4th quarter. Clear Street Group Inc. now owns 71,493 shares of the company’s stock valued at $786,000 after buying an additional 28,493 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Texas Ventures Acquisition III during the 2nd quarter valued at $257,000.
Texas Ventures Acquisition III Stock Up 0.1%
Shares of TVACU traded up $0.01 during trading hours on Wednesday, hitting $10.72. Texas Ventures Acquisition III has a 52-week low of $10.21 and a 52-week high of $12.72. The company’s 50 day moving average is $10.80 and its 200-day moving average is $10.88.
About Texas Ventures Acquisition III
We are a newly incorporated Cayman Islands exempted company structured as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities and activities related to this offering. We have not selected any potential business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential target regarding entering into a business combination with us.
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