Chain Bridge I (NASDAQ:CBRG) Trading 0.2% Higher

Chain Bridge I (NASDAQ:CBRG)’s stock price traded up 0.2% during trading on Monday . The stock traded as high as $11.25 and last traded at $11.25. 108 shares were traded during trading, a decline of 99% from the average session volume of 9,500 shares. The stock had previously closed at $11.23.

Chain Bridge I Trading Up 0.2 %

The company’s fifty day moving average price is $11.08 and its 200-day moving average price is $10.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Glazer Capital LLC increased its stake in shares of Chain Bridge I by 80.0% in the 1st quarter. Glazer Capital LLC now owns 979,568 shares of the company’s stock worth $10,236,000 after purchasing an additional 435,333 shares in the last quarter. Millennium Management LLC increased its stake in shares of Chain Bridge I by 305.1% during the second quarter. Millennium Management LLC now owns 783,895 shares of the company’s stock valued at $7,933,000 after buying an additional 590,400 shares during the period. Verition Fund Management LLC acquired a new stake in Chain Bridge I in the 1st quarter worth approximately $6,002,000. Aristeia Capital LLC grew its holdings in shares of Chain Bridge I by 39.0% during the fourth quarter. Aristeia Capital LLC now owns 486,927 shares of the company’s stock valued at $5,006,000 after buying an additional 136,527 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its stake in shares of Chain Bridge I by 84.4% in the second quarter. Polar Asset Management Partners Inc. now owns 415,000 shares of the company’s stock worth $4,362,000 after purchasing an additional 190,000 shares during the last quarter. 46.16% of the stock is owned by hedge funds and other institutional investors.

About Chain Bridge I

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.