Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Update

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 25,365 shares, a drop of 47.9% from the June 15th total of 48,664 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 4.5 days. Currently, 1.4% of the shares of the company are short sold.

Clough Hedged Equity ETF Stock Performance

Clough Hedged Equity ETF stock traded up $0.01 during midday trading on Friday, reaching $32.00. 758 shares of the company’s stock were exchanged, compared to its average volume of 4,248. The stock’s 50-day simple moving average is $32.87 and its 200 day simple moving average is $30.92. The firm has a market cap of $58.88 million, a price-to-earnings ratio of 28.48 and a beta of 0.57. Clough Hedged Equity ETF has a 52 week low of $27.02 and a 52 week high of $34.52.

Institutional Trading of Clough Hedged Equity ETF

A hedge fund recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada lifted its holdings in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,547 shares of the company’s stock after acquiring 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.

Clough Hedged Equity ETF Company Profile

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.