Chain Bridge I (NASDAQ:CBRGU) Shares Down 0.8%

Shares of Chain Bridge I (NASDAQ:CBRGU – Get Rating) were down 0.8% during mid-day trading on Tuesday . The company traded as low as $10.23 and last traded at $10.23. Approximately 100 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 100 shares. The stock had previously closed at $10.31.

Chain Bridge I Trading Down 0.8 %

The business has a fifty day moving average of $10.24 and a 200-day moving average of $10.13.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Chain Bridge I stock. Wolverine Asset Management LLC boosted its position in Chain Bridge I (NASDAQ:CBRGU – Get Rating) by 87.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,202 shares of the company’s stock after buying an additional 4,300 shares during the period. Wolverine Asset Management LLC’s holdings in Chain Bridge I were worth $91,000 at the end of the most recent quarter.

About Chain Bridge I

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Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.