Dryden Capital LLC Sells 340,000 Shares of Spring Valley Acquisition Corp. II (NASDAQ:SVII)

Dryden Capital LLC reduced its position in Spring Valley Acquisition Corp. II (NASDAQ:SVII - Free Report) by 50.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 330,000 shares of the company's stock after selling 340,000 shares during the period. Spring Valley Acquisition Corp. II accounts for about 6.3% of Dryden Capital LLC's holdings, making the stock its 7th biggest holding. Dryden Capital LLC owned 1.48% of Spring Valley Acquisition Corp. II worth $3,670,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of Spring Valley Acquisition Corp. II during the fourth quarter worth about $2,178,000. Bulldog Investors LLP lifted its position in Spring Valley Acquisition Corp. II by 505.2% during the 4th quarter. Bulldog Investors LLP now owns 490,712 shares of the company's stock worth $5,301,000 after acquiring an additional 409,632 shares during the period. Berkley W R Corp purchased a new position in shares of Spring Valley Acquisition Corp. II in the 4th quarter valued at approximately $2,714,000. Virtu Financial LLC acquired a new position in shares of Spring Valley Acquisition Corp. II in the first quarter valued at approximately $541,000. Finally, Cowen AND Company LLC raised its stake in shares of Spring Valley Acquisition Corp. II by 15.7% during the second 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 last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Spring Valley Acquisition Corp. II Price Performance

Shares of NASDAQ SVII traded down $0.01 during mid-day trading on Thursday, hitting $11.23. 3,516 shares of the company were exchanged, compared to its average volume of 111,547. The stock has a 50 day simple moving average of $11.18 and a 200-day simple moving average of $11.10. Spring Valley Acquisition Corp. II has a 1-year low of $10.72 and a 1-year high of $11.25.

Spring Valley Acquisition Corp. II 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.