TCV Acquisition Corp. (NASDAQ:TCVA) Sees Large Decline in Short Interest

TCV Acquisition Corp. (NASDAQ:TCVAGet Rating) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 800 shares, a drop of 52.9% from the March 31st total of 1,700 shares. Based on an average trading volume of 71,200 shares, the short-interest ratio is currently 0.0 days.

Shares of TCVA stock opened at $9.76 on Friday. TCV Acquisition has a 1 year low of $9.65 and a 1 year high of $10.49. The firm’s fifty day moving average price is $9.74 and its two-hundred day moving average price is $9.79.

Institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley bought a new stake in shares of TCV Acquisition during the 2nd quarter worth about $9,470,000. Citadel Advisors LLC raised its position in shares of TCV Acquisition by 42.9% in the 4th quarter. Citadel Advisors LLC now owns 899,379 shares of the company’s stock valued at $8,868,000 after buying an additional 270,210 shares in the last quarter. Darlington Partners Capital Management LP acquired a new position in shares of TCV Acquisition in the 4th quarter valued at approximately $7,811,000. Marshall Wace LLP raised its position in shares of TCV Acquisition by 245.0% in the 4th quarter. Marshall Wace LLP now owns 690,000 shares of the company’s stock valued at $6,804,000 after buying an additional 490,000 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in TCV Acquisition during the 4th quarter worth approximately $6,390,000. 67.89% of the stock is owned by institutional investors.

About TCV Acquisition (Get Rating)

TCV Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Menlo Park, California.

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