Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Down 37.9% in June

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 48,664 shares, a decline of 37.9% from the May 31st total of 78,405 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,427 shares, the days-to-cover ratio is currently 11.0 days.

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 increased its position in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to its most recent 13F filing 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 approximately 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent quarter.

Clough Hedged Equity ETF Stock Down 1.1%

NYSEARCA:CBLS traded down $0.35 during trading hours on Thursday, reaching $32.91. The company had a trading volume of 2,469 shares, compared to its average volume of 4,303. The stock has a 50-day moving average of $32.63 and a two-hundred day moving average of $30.56. Clough Hedged Equity ETF has a one year low of $27.02 and a one year high of $34.52. The firm has a market capitalization of $58.25 million, a PE 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.