Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Large Growth in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 51,089 shares, an increase of 3,317.3% from the June 30th total of 1,495 shares. Based on an average daily trading volume, of 36,715 shares, the short-interest ratio is currently 1.4 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Trading of Cabana Target Leading Sector Moderate ETF

Several hedge funds have recently added to or reduced their stakes in CLSM. Corient Private Wealth LLC increased its position in Cabana Target Leading Sector Moderate ETF by 152.4% during the 4th quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock worth $14,787,000 after buying an additional 384,226 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cabana Target Leading Sector Moderate ETF by 117,997.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock valued at $6,367,000 after acquiring an additional 273,754 shares during the period. Signal Advisors Wealth LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF in the first quarter valued at about $1,752,000. Aegis Wealth Management Inc. acquired a new position in shares of Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at about $727,000. Finally, Citadel Advisors LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF in the third quarter valued at about $530,000.

Cabana Target Leading Sector Moderate ETF Trading Down 0.3%

CLSM stock traded down $0.09 during mid-day trading on Friday, hitting $26.36. 386 shares of the company were exchanged, compared to its average volume of 15,808. Cabana Target Leading Sector Moderate ETF has a 1-year low of $21.56 and a 1-year high of $28.10. The stock has a market capitalization of $94.37 million, a PE ratio of 20.00 and a beta of 0.57. The business has a 50 day simple moving average of $27.17 and a 200-day simple moving average of $25.24.

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.