Texas Ventures Acquisition III (NASDAQ:TVACU) Trading 0% Higher – Still a Buy?

Shares of Texas Ventures Acquisition III Corp (NASDAQ:TVACU) shot up 0% during mid-day trading on Friday . The stock traded as high as $10.68 and last traded at $10.6810. 1,810 shares were traded during trading, an increase of 55% from the average session volume of 1,166 shares. The stock had previously closed at $10.68.

Texas Ventures Acquisition III Trading Up 0.0%

The business has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $11.03.

Hedge Funds Weigh In On Texas Ventures Acquisition III

A number of large investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. boosted its holdings in shares of Texas Ventures Acquisition III by 66.3% in 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 in the last quarter. Boothbay Fund Management LLC acquired a new stake in Texas Ventures Acquisition III in the second quarter valued at approximately $666,000. Finally, JPMorgan Chase & Co. acquired a new stake in Texas Ventures Acquisition III in the second quarter valued at approximately $257,000.

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.