Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Sees Large Drop in Short Interest

Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 12,249 shares, a decrease of 47.6% from the June 30th total of 23,395 shares. Based on an average daily trading volume, of 1,677 shares, the short-interest ratio is currently 7.3 days. Currently, 2.1% of the shares of the company are sold short.

Clockwise Core Equity & Innovation ETF Trading Up 2.1%

Shares of NYSEARCA:TIME traded up $0.54 during trading on Thursday, reaching $26.25. 1,763 shares of the stock were exchanged, compared to its average volume of 3,561. The firm has a market cap of $14.96 million, a PE ratio of -875.00 and a beta of 1.22. Clockwise Core Equity & Innovation ETF has a 12 month low of $22.31 and a 12 month high of $27.45. The stock has a 50-day moving average price of $26.57 and a 200-day moving average price of $25.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Clockwise Core Equity & Innovation ETF stock. Betterment LLC bought a new position in shares of Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned approximately 0.91% of Clockwise Core Equity & Innovation ETF as of its most recent filing with the Securities & Exchange Commission. 89.28% of the stock is owned by institutional investors and hedge funds.

Clockwise Core Equity & Innovation ETF Company Profile

The Clockwise Capital Innovation ETF (TIME) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services. TIME was launched on Jan 27, 2022 and is managed by Clockwise Capital.