Saba Closed-End Funds ETF (BATS:CEFS) Short Interest Update

Saba Closed-End Funds ETF (BATS:CEFS) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 162,481 shares, a growth of 67.7% from the June 30th total of 96,886 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 74,153 shares, the days-to-cover ratio is currently 2.2 days.

Saba Closed-End Funds ETF Trading Up 1.4%

Saba Closed-End Funds ETF stock opened at $24.77 on Friday. The firm has a market capitalization of $329.44 million, a P/E ratio of 21.88 and a beta of 0.72. The stock has a fifty day moving average price of $25.32 and a 200 day moving average price of $24.12. Saba Closed-End Funds ETF has a 52 week low of $22.05 and a 52 week high of $25.98.

Institutional Trading of Saba Closed-End Funds ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in shares of Saba Closed-End Funds ETF during the 4th quarter worth about $43,000. NBC Securities Inc. grew its holdings in Saba Closed-End Funds ETF by 14.6% in the fourth quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock valued at $148,000 after purchasing an additional 821 shares during the period. Anfield Capital Management LLC grew its holdings in Saba Closed-End Funds ETF by 32.1% in the fourth quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock valued at $171,000 after purchasing an additional 1,806 shares during the period. Encompass More Asset Management acquired a new position in Saba Closed-End Funds ETF during the fourth quarter worth approximately $216,000. Finally, Closed End Fund Advisors Inc. acquired a new position in Saba Closed-End Funds ETF during the fourth quarter worth approximately $241,000.

Saba Closed-End Funds ETF Company Profile

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk. CEFS was launched on Mar 21, 2017 and is managed by Saba.