Weiss Asset Management LP Reduces Position in Chain Bridge I (NASDAQ:CBRG)

Weiss Asset Management LP lessened its position in shares of Chain Bridge I (NASDAQ:CBRG – Get Rating) by 43.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 254,000 shares of the company’s stock after selling 196,000 shares during the quarter. Weiss Asset Management LP’s holdings in Chain Bridge I were worth $2,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Spring Creek Capital LLC acquired a new stake in Chain Bridge I during the 1st quarter worth approximately $3,972,000. Verition Fund Management LLC acquired a new stake in Chain Bridge I during the 1st quarter worth approximately $6,002,000. Goldman Sachs Group Inc. acquired a new stake in Chain Bridge I during the 1st quarter worth approximately $3,871,000. Radcliffe Capital Management L.P. acquired a new stake in Chain Bridge I during the 1st quarter worth approximately $3,481,000. Finally, Royal Bank of Canada acquired a new stake in Chain Bridge I during the 1st quarter worth approximately $219,000. Hedge funds and other institutional investors own 64.84% of the company’s stock.

Chain Bridge I Price Performance

Chain Bridge I stock opened at $10.41 on Friday. Chain Bridge I has a twelve month low of $9.90 and a twelve month high of $10.42. The stock has a 50 day moving average of $10.35 and a two-hundred day moving average of $10.22.

Chain Bridge I Company Profile

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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.