Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Large Increase in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,334 shares, an increase of 946.6% from the August 15th total of 223 shares. Based on an average daily volume of 3,908 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

Hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its position in shares of Cabana Target Leading Sector Moderate ETF by 152.4% in the fourth quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock worth $14,787,000 after acquiring an additional 384,226 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Cabana Target Leading Sector Moderate ETF by 117,997.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock worth $6,367,000 after acquiring an additional 273,754 shares in the last quarter. Signal Advisors Wealth LLC acquired a new position in Cabana Target Leading Sector Moderate ETF during the first quarter worth $1,752,000. Aegis Wealth Management Inc. purchased a new position in Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at $727,000. Finally, Citadel Advisors LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF during the 3rd quarter worth approximately $530,000.

Cabana Target Leading Sector Moderate ETF Stock Performance

CLSM traded up $0.29 during trading on Friday, hitting $27.35. The stock had a trading volume of 1,270 shares, compared to its average volume of 13,581. The stock has a 50 day simple moving average of $27.13 and a two-hundred day simple moving average of $26.06. Cabana Target Leading Sector Moderate ETF has a twelve month low of $22.42 and a twelve month high of $28.10. The company has a market capitalization of $97.91 million, a PE ratio of 20.00 and a beta of 0.57.

About Cabana Target Leading Sector Moderate ETF

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.