Monashee Investment Management LLC purchased a new stake in CM Life Sciences III Inc. (NASDAQ:CMLT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 190,315 shares of the company’s stock, valued at approximately $1,964,000. Monashee Investment Management LLC owned 0.92% of CM Life Sciences III as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, HighTower Advisors LLC purchased a new stake in shares of CM Life Sciences III in the second quarter valued at approximately $8,839,000. Hedge funds and other institutional investors own 86.01% of the company’s stock.
Shares of NASDAQ CMLT opened at $9.92 on Friday. The company has a 50 day moving average price of $9.95. CM Life Sciences III Inc. has a 52-week low of $9.81 and a 52-week high of $11.10.
CM Life Sciences III Inc intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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