Aristeia Capital LLC boosted its stake in shares of 7 Acquisition Co. (NASDAQ:SVNA – Get Rating) by 163.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 923,200 shares of the company's stock after acquiring an additional 573,200 shares during the quarter. Aristeia Capital LLC's holdings in 7 Acquisition were worth $9,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada purchased a new position in 7 Acquisition in the 1st quarter valued at $48,000. Sona Asset Management US LLC purchased a new stake in shares of 7 Acquisition in the first quarter valued at about $298,000. Prelude Capital Management LLC acquired a new position in shares of 7 Acquisition during the first quarter worth about $309,000. Walleye Trading LLC purchased a new position in 7 Acquisition during the first quarter worth about $357,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in 7 Acquisition in the first quarter valued at about $382,000. 65.85% of the stock is currently owned by hedge funds and other institutional investors.

7 Acquisition Price Performance

Shares of SVNA opened at $10.23 on Friday. The stock's 50 day moving average is $10.15 and its two-hundred day moving average is $10.05. 7 Acquisition Co. has a twelve month low of $9.80 and a twelve month high of $10.23.

About 7 Acquisition

7 Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Stamford, Connecticut.

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