Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Update

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 37,121 shares, a growth of 352.7% from the March 31st total of 8,200 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,722 shares, the days-to-cover ratio is presently 10.0 days.

Clough Hedged Equity ETF Stock Up 0.8%

CBLS stock traded up $0.25 during mid-day trading on Friday, reaching $31.88. The company had a trading volume of 663 shares, compared to its average volume of 4,515. The stock has a market capitalization of $53.88 million, a P/E ratio of 28.48 and a beta of 0.54. Clough Hedged Equity ETF has a one year low of $26.53 and a one year high of $31.92. The stock’s 50-day simple moving average is $29.93 and its two-hundred day simple moving average is $29.07.

Institutional Investors Weigh In On Clough Hedged Equity ETF

An institutional investor recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada lifted its stake in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,547 shares of the company’s stock after purchasing an additional 4,488 shares during the quarter. Royal Bank of Canada owned about 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent reporting period.

Clough Hedged Equity ETF Company Profile

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.