Chain Bridge I (NASDAQ:CBRG) Stock Price Down 0.3% – Here’s Why

Chain Bridge I (NASDAQ:CBRG)’s share price fell 0.3% on Tuesday . The stock traded as low as $11.46 and last traded at $11.46. 151 shares were traded during mid-day trading, a decline of 99% from the average session volume of 26,042 shares. The stock had previously closed at $11.49.

Chain Bridge I Stock Performance

The firm’s 50-day simple moving average is $11.37 and its 200-day simple moving average is $11.28.

Institutional Trading of Chain Bridge I

A hedge fund recently bought a new stake in Chain Bridge I stock. K2 Principal Fund L.P. bought a new position in shares of Chain Bridge I (NASDAQ:CBRG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $452,000. K2 Principal Fund L.P. owned 0.59% of Chain Bridge I at the end of the most recent quarter. Hedge funds and other institutional investors 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.