Spring Valley Acquisition (NASDAQ:SV) Shares Down 0.9%

Spring Valley Acquisition Corp. (NASDAQ:SV) dropped 0.9% on Friday . The company traded as low as $5.21 and last traded at $5.27. Approximately 2,850,975 shares traded hands during trading, an increase of 437% from the average daily volume of 530,580 shares. The stock had previously closed at $5.32.

Spring Valley Acquisition Stock Performance

The business has a fifty day simple moving average of $4.50 and a two-hundred day simple moving average of $3.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SV. Advisor Group Holdings Inc. raised its position in shares of Spring Valley Acquisition by 27.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,430 shares of the company’s stock valued at $46,000 after acquiring an additional 950 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Spring Valley Acquisition during the 1st quarter valued at $183,000. Cetera Advisor Networks LLC bought a new stake in shares of Spring Valley Acquisition during the 1st quarter valued at $205,000. Goldman Sachs Group Inc. bought a new stake in shares of Spring Valley Acquisition during the 1st quarter valued at $653,000. Finally, Bank of America Corp DE raised its position in shares of Spring Valley Acquisition by 27.1% during the 1st quarter. Bank of America Corp DE now owns 700,000 shares of the company’s stock valued at $7,329,000 after acquiring an additional 149,100 shares during the last quarter. 69.38% of the stock is owned by institutional investors and hedge funds.

About Spring Valley Acquisition

Spring Valley Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Dallas, Texas.