Clear Street LLC Increases Stock Holdings in Canna-Global Acquisition Corp (NASDAQ:CNGL)

Clear Street LLC raised its holdings in shares of Canna-Global Acquisition Corp (NASDAQ:CNGL) by 553.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the company’s stock after purchasing an additional 127,053 shares during the quarter. Canna-Global Acquisition accounts for approximately 0.0% of Clear Street LLC’s investment portfolio, making the stock its 10th largest holding. Clear Street LLC owned approximately 2.27% of Canna-Global Acquisition worth $1,565,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Cowen AND Company LLC grew its stake in Canna-Global Acquisition by 2.6% in the second quarter. Cowen AND Company LLC now owns 200,148 shares of the company’s stock worth $2,091,000 after purchasing an additional 5,148 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Canna-Global Acquisition by 15.6% during the second quarter. Wolverine Asset Management LLC now owns 174,843 shares of the company’s stock valued at $1,824,000 after buying an additional 23,546 shares during the period. Crystalline Management Inc. bought a new stake in shares of Canna-Global Acquisition in the fourth quarter valued at about $546,000. SkyView Investment Advisors LLC purchased a new stake in Canna-Global Acquisition in the first quarter worth about $787,000. Finally, Warberg Asset Management LLC bought a new position in Canna-Global Acquisition during the 2nd quarter worth about $776,000. 19.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Canna-Global Acquisition news, major shareholder Cowen Inc. acquired 2,800 shares of Canna-Global Acquisition stock in a transaction that occurred on Monday, June 24th. The stock was bought at an average price of $10.50 per share, with a total value of $29,400.00. Following the completion of the purchase, the insider now directly owns 5,148 shares of the company’s stock, valued at approximately $54,054. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 72.10% of the company’s stock.

Canna-Global Acquisition Price Performance

NASDAQ CNGL opened at $10.16 on Thursday. Canna-Global Acquisition Corp has a one year low of $9.90 and a one year high of $11.99. The company’s 50-day simple moving average is $10.88 and its two-hundred day simple moving average is $11.01.

Canna-Global Acquisition 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.