Texas Ventures Acquisition III (NASDAQ:TVACU) Trading Down 5.2% – Should You Sell?

Texas Ventures Acquisition III Corp (NASDAQ:TVACU) shares fell 5.2% on Wednesday . The company traded as low as $10.81 and last traded at $11.10. 7,804 shares changed hands during trading, an increase of 366% from the average session volume of 1,676 shares. The stock had previously closed at $11.71.

Texas Ventures Acquisition III Stock Down 5.2%

The stock has a 50 day simple moving average of $11.12 and a 200-day simple moving average of $11.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TVACU. AQR Arbitrage LLC purchased a new stake in Texas Ventures Acquisition III during the 2nd quarter valued at approximately $17,972,000. Magnetar Financial LLC bought a new position in shares of Texas Ventures Acquisition III during the second quarter worth $14,378,000. LMR Partners LLP bought a new position in shares of Texas Ventures Acquisition III during the second quarter worth $9,189,000. Clear Street LLC purchased a new position in Texas Ventures Acquisition III during the second quarter valued at $297,000. Finally, JPMorgan Chase & Co. bought a new stake in Texas Ventures Acquisition III in the 2nd quarter valued at $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.