Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Declines By 64.8%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 17,976 shares, a drop of 64.8% from the July 15th total of 51,089 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 5,970 shares, the short-interest ratio is presently 3.0 days.

Cabana Target Leading Sector Moderate ETF Trading Down 0.1%

CLSM stock traded down $0.03 during trading on Friday, hitting $27.86. The company had a trading volume of 2,099 shares, compared to its average volume of 14,797. The company has a market cap of $99.74 million, a P/E ratio of 20.00 and a beta of 0.57. The company has a fifty day moving average price of $27.05 and a two-hundred day moving average price of $25.57. Cabana Target Leading Sector Moderate ETF has a fifty-two week low of $21.93 and a fifty-two week high of $28.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CLSM. Assetmark Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter worth $133,000. Citadel Advisors LLC acquired a new position in Cabana Target Leading Sector Moderate ETF in the third quarter valued at about $530,000. Aegis Wealth Management Inc. bought a new stake in Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at approximately $727,000. Signal Advisors Wealth LLC acquired a new stake in Cabana Target Leading Sector Moderate ETF during the 1st quarter worth $1,752,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF during the second quarter worth about $4,104,000.

Cabana Target Leading Sector Moderate ETF Company Profile

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.