Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Up 88.5% in January

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 10,094 shares, an increase of 88.5% from the December 31st total of 5,356 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 3,363 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 3,363 shares, the short-interest ratio is presently 3.0 days. Approximately 0.6% of the company’s shares are sold short.

Clough Hedged Equity ETF Stock Down 1.4%

Shares of CBLS stock traded down $0.42 during mid-day trading on Friday, reaching $30.11. 2,148 shares of the company’s stock traded hands, compared to its average volume of 2,662. The company’s 50-day moving average price is $28.51 and its 200-day moving average price is $28.44. The company has a market cap of $46.97 million, a P/E ratio of 28.48 and a beta of 0.55. Clough Hedged Equity ETF has a 12 month low of $24.37 and a 12 month high of $30.89.

Clough Hedged Equity ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.247 per share. The ex-dividend date was Tuesday, December 30th.

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 grew its stake in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,547 shares of the company’s stock after buying an additional 4,488 shares during the quarter. Royal Bank of Canada owned approximately 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.

About Clough Hedged Equity ETF

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.