Clough Hedged Equity ETF (NYSEARCA:CBLS) Sees Significant Drop in Short Interest

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 48,664 shares, a decline of 37.9% from the May 31st total of 78,405 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 4,427 shares, the short-interest ratio is currently 11.0 days.

Institutional Trading of Clough Hedged Equity ETF

A hedge fund recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada raised its position in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,547 shares of the company’s stock after buying an additional 4,488 shares during the quarter. Royal Bank of Canada owned about 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent quarter.

Clough Hedged Equity ETF Stock Performance

Shares of Clough Hedged Equity ETF stock opened at $32.91 on Friday. The firm has a market cap of $58.25 million, a PE ratio of 28.48 and a beta of 0.57. The firm’s 50-day simple moving average is $32.71 and its 200-day simple moving average is $30.61. Clough Hedged Equity ETF has a 1 year low of $27.02 and a 1 year high of $34.52.

About Clough Hedged Equity ETF

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.