Short Interest in Clough Hedged Equity ETF (NYSEARCA:CBLS) Grows By 87.1%

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 78,405 shares, a growth of 87.1% from the May 14th total of 41,916 shares. Based on an average daily trading volume, of 4,814 shares, the days-to-cover ratio is currently 16.3 days. Approximately 4.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada raised its position in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,547 shares of the company’s stock after purchasing an additional 4,488 shares during the quarter. Royal Bank of Canada owned 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.

Clough Hedged Equity ETF Price Performance

Clough Hedged Equity ETF stock traded down $0.67 during midday trading on Tuesday, reaching $32.60. 3,940 shares of the company traded hands, compared to its average volume of 4,206. Clough Hedged Equity ETF has a 12 month low of $27.02 and a 12 month high of $34.52. The business has a 50 day moving average of $31.88 and a two-hundred day moving average of $30.12. The firm has a market capitalization of $55.09 million, a price-to-earnings ratio of 28.48 and a beta of 0.57.

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.