Chain Bridge I (NASDAQ:CBRGU) Shares Up 3.5%

Chain Bridge I (NASDAQ:CBRGU)’s stock price shot up 3.5% on Monday . The company traded as high as $11.13 and last traded at $11.13. 1,521 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 1,930 shares. The stock had previously closed at $10.75.

Chain Bridge I Price Performance

The business’s 50-day simple moving average is $10.76 and its two-hundred day simple moving average is $10.95.

Hedge Funds Weigh In On Chain Bridge I

An institutional investor recently raised its position in Chain Bridge I stock. Clear Street LLC lifted its stake in shares of Chain Bridge I (NASDAQ:CBRGU) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,931 shares of the company’s stock after purchasing an additional 923 shares during the period. Clear Street LLC’s holdings in Chain Bridge I were worth $64,000 as of its most recent filing with the SEC.

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.