Clough Hedged Equity ETF (NYSEARCA:CBLS – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 13,216 shares, an increase of 195.6% from the July 15th total of 4,471 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 3,838 shares, the short-interest ratio is presently 3.4 days.
Institutional Investors Weigh In On Clough Hedged Equity ETF
An institutional investor recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada grew its holdings in Clough Hedged Equity ETF (NYSEARCA:CBLS – Free Report) by 74.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,547 shares of the company’s stock after acquiring an additional 4,488 shares during the quarter. Royal Bank of Canada owned 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.
Clough Hedged Equity ETF Stock Performance
NYSEARCA:CBLS traded up $0.19 during mid-day trading on Friday, hitting $31.02. 392 shares of the stock were exchanged, compared to its average volume of 4,028. The stock has a market capitalization of $57.08 million, a price-to-earnings ratio of 28.48 and a beta of 0.58. The firm’s 50-day simple moving average is $32.11 and its 200 day simple moving average is $31.22. Clough Hedged Equity ETF has a fifty-two week low of $27.02 and a fifty-two week high of $34.52.
Clough Hedged Equity ETF Company Profile
The Changebridge Capital Long\u002FShort Equity ETF (CBLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an alternative strategy that takes both long and short position in US-listed stocks. The actively managed fund will typically be 30%-70% net long exposure. CBLS was launched on Nov 13, 2020 and is managed by Changebridge Capital.
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