Chain Bridge I (NASDAQ:CBRG) Shares Up 0.2%

Chain Bridge I (NASDAQ:CBRG)’s share price traded up 0.2% during mid-day trading on Monday . The stock traded as high as $11.25 and last traded at $11.25. 108 shares traded hands during mid-day 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 Price Performance

The company’s 50-day simple moving average is $11.09 and its 200-day simple moving average is $10.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP boosted its stake in Chain Bridge I by 1.4% in the 2nd quarter. Centiva Capital LP now owns 122,071 shares of the company’s stock worth $1,217,000 after purchasing an additional 1,710 shares during the period. XTX Topco Ltd acquired a new position in Chain Bridge I in the 2nd quarter worth approximately $119,000. Glazer Capital LLC boosted its stake in Chain Bridge I by 27.7% in the 4th quarter. Glazer Capital LLC now owns 61,470 shares of the company’s stock worth $667,000 after purchasing an additional 13,328 shares during the period. Deutsche Bank AG acquired a new position in Chain Bridge I in the 3rd quarter worth approximately $198,000. Finally, Berkley W R Corp boosted its stake in Chain Bridge I by 11.0% in the 4th quarter. Berkley W R Corp now owns 205,176 shares of the company’s stock worth $2,226,000 after purchasing an additional 20,282 shares during the period. Institutional investors and hedge funds own 46.16% of the company’s stock.

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.