Texas Ventures Acquisition III Corp (NASDAQ:TVACU – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 369 shares, a decrease of 55.4% from the June 30th total of 827 shares. Based on an average daily volume of 417 shares, the short-interest ratio is presently 0.9 days.
Texas Ventures Acquisition III Stock Performance
NASDAQ:TVACU opened at $10.71 on Tuesday. The firm’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $10.89. Texas Ventures Acquisition III has a twelve month low of $10.21 and a twelve month high of $12.72.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in TVACU. Boothbay Fund Management LLC bought a new stake in shares of Texas Ventures Acquisition III during the second quarter valued at approximately $666,000. Clear Street Group Inc. boosted its holdings in shares of 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 in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Texas Ventures Acquisition III in the 2nd quarter worth about $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.
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