Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Increases By 585.8%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,495 shares, an increase of 585.8% from the June 15th total of 218 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 5,659 shares, the short-interest ratio is currently 0.3 days.

Cabana Target Leading Sector Moderate ETF Stock Down 0.8%

CLSM traded down $0.22 during trading on Monday, reaching $27.10. The company’s stock had a trading volume of 1,598 shares, compared to its average volume of 15,855. The company has a market cap of $92.95 million, a price-to-earnings ratio of 20.00 and a beta of 0.57. The firm has a fifty day simple moving average of $27.15 and a two-hundred day simple moving average of $25.03. Cabana Target Leading Sector Moderate ETF has a 1 year low of $21.56 and a 1 year high of $28.10.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in Cabana Target Leading Sector Moderate ETF during the fourth quarter worth $133,000. Citadel Advisors LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 3rd quarter worth $530,000. Aegis Wealth Management Inc. purchased a new position in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter worth $727,000. Signal Advisors Wealth LLC purchased a new position in shares of Cabana Target Leading Sector Moderate ETF during the 1st quarter worth $1,752,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Cabana Target Leading Sector Moderate ETF during the 2nd quarter worth $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.