Chain Bridge I (NASDAQ:CBRGU) Trading 1.9% Higher

Shares of Chain Bridge I (NASDAQ:CBRGU) shot up 1.9% during mid-day trading on Thursday . The company traded as high as $10.85 and last traded at $10.85. 1,200 shares changed hands during trading, a decline of 40% from the average session volume of 2,005 shares. The stock had previously closed at $10.65.

Chain Bridge I Stock Performance

The company’s 50 day moving average is $11.21 and its 200 day moving average is $10.95.

Hedge Funds Weigh In On Chain Bridge I

A number of hedge funds have recently made changes to their positions in CBRGU. Glazer Capital LLC lifted its position in shares of Chain Bridge I by 83.0% during the 4th quarter. Glazer Capital LLC now owns 21,972 shares of the company’s stock worth $225,000 after buying an additional 9,968 shares during the period. UBS Group AG raised its stake in Chain Bridge I by 83.6% during the third quarter. UBS Group AG now owns 2,754 shares of the company’s stock worth $28,000 after acquiring an additional 1,254 shares in the last quarter. Finally, Clear Street LLC lifted its holdings in shares of Chain Bridge I by 18.4% during the fourth quarter. Clear Street LLC now owns 5,931 shares of the company’s stock valued at $64,000 after acquiring an additional 923 shares during the period.

Chain Bridge I Company Profile

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.