Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Update

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 25,365 shares, a drop of 47.9% from the June 15th total of 48,664 shares. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is presently 4.5 days. Approximately 1.4% of the company’s shares are sold short.

Clough Hedged Equity ETF Stock Down 1.0%

NYSEARCA CBLS traded down $0.34 during trading on Wednesday, reaching $32.16. 330 shares of the stock traded hands, compared to its average volume of 4,292. Clough Hedged Equity ETF has a fifty-two week low of $27.02 and a fifty-two week high of $34.52. The firm has a market cap of $59.17 million, a price-to-earnings ratio of 28.48 and a beta of 0.57. The stock’s 50-day moving average price is $32.86 and its 200 day moving average price is $30.86.

Institutional Trading of Clough Hedged Equity ETF

A hedge fund recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada increased its holdings in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,547 shares of the company’s stock after buying 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 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.