Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Trading Down 2.6% – Here’s What Happened

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) dropped 2.6% on Tuesday . The stock traded as low as $23.22 and last traded at $23.64. Approximately 34,968 shares were traded during trading, an increase of 36% from the average daily volume of 25,650 shares. The stock had previously closed at $24.27.

Cabana Target Leading Sector Moderate ETF Trading Down 1.7%

The firm has a market capitalization of $102.72 million, a P/E ratio of 20.00 and a beta of 0.50. The firm has a 50 day moving average price of $23.84 and a 200-day moving average price of $23.32.

Cabana Target Leading Sector Moderate ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $0.2088 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 89.0%.

Hedge Funds Weigh In On Cabana Target Leading Sector Moderate ETF

A number of large investors have recently made changes to their positions in CLSM. Assetmark Inc. purchased a new position in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at approximately $133,000. Citadel Advisors LLC purchased a new position in shares of Cabana Target Leading Sector Moderate ETF during the third quarter worth approximately $530,000. Aegis Wealth Management Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at approximately $727,000. Triad Wealth Partners LLC purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF in the third quarter valued at approximately $984,000. Finally, Corient Private Wealth LLC bought a new position in Cabana Target Leading Sector Moderate ETF in the second quarter worth approximately $4,104,000.

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.