Shares of Canna-Global Acquisition Corp (NASDAQ:CNGL – Get Free Report) were up 2.8% during trading on Friday . The company traded as high as $11.00 and last traded at $11.00. Approximately 200 shares changed hands during trading, a decline of 100% from the average daily volume of 77,414 shares. The stock had previously closed at $10.70.
Canna-Global Acquisition Stock Up 2.8 %
The firm has a fifty day moving average of $10.96 and a 200 day moving average of $10.96.
Institutional Investors Weigh In On Canna-Global Acquisition
Several hedge funds and other institutional investors have recently made changes to their positions in CNGL. Clear Street LLC raised its stake in Canna-Global Acquisition by 553.7% during the 2nd quarter. Clear Street LLC now owns 150,000 shares of the company’s stock worth $1,565,000 after acquiring an additional 127,053 shares in the last quarter. Warberg Asset Management LLC purchased a new stake in shares of Canna-Global Acquisition in the 2nd quarter valued at about $776,000. K2 Principal Fund L.P. acquired a new stake in shares of Canna-Global Acquisition in the 2nd quarter valued at about $341,000. Quarry LP purchased a new position in Canna-Global Acquisition during the 2nd quarter worth approximately $261,000. Finally, Wolverine Asset Management LLC increased its position in Canna-Global Acquisition by 15.6% during the second quarter. Wolverine Asset Management LLC now owns 174,843 shares of the company’s stock worth $1,824,000 after buying an additional 23,546 shares during the period. Institutional investors and hedge funds own 19.55% of the company’s stock.
Canna-Global Acquisition Company Profile
Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.
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