Clough Hedged Equity ETF (NYSEARCA:CBLS) Stock Jumps 0.4% – Should You Buy?

Clough Hedged Equity ETF (NYSEARCA:CBLS – Get Free Report) shares were up 0.4% during trading on Thursday. The stock traded as high as $31.34 and last traded at $31.34. Approximately 386 shares were traded during trading, a decline of 90% from the average session volume of 3,781 shares. The stock had previously closed at $31.23.

Clough Hedged Equity ETF Stock Performance

The firm’s 50-day moving average is $30.96 and its two-hundred day moving average is $31.37. The stock has a market cap of $57.04 million, a P/E ratio of 28.48 and a beta of 0.58.

About Clough Hedged Equity ETF

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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.

Further Reading

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