Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Short Interest Down 64.8% in July

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 17,976 shares, a decrease of 64.8% from the July 15th total of 51,089 shares. Based on an average daily volume of 5,970 shares, the short-interest ratio is currently 3.0 days. Approximately 0.5% of the shares of the company are short sold.

Cabana Target Leading Sector Moderate ETF Stock Down 0.2%

NASDAQ CLSM traded down $0.05 during midday trading on Friday, hitting $27.84. The company had a trading volume of 6,646 shares, compared to its average volume of 14,829. The firm has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $25.59. Cabana Target Leading Sector Moderate ETF has a fifty-two week low of $21.93 and a fifty-two week high of $28.10. The stock has a market cap of $99.67 million, a price-to-earnings ratio of 20.00 and a beta of 0.57.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

Institutional investors have recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC acquired a new position in Cabana Target Leading Sector Moderate ETF in the 1st quarter valued at approximately $1,752,000. Corient Private Wealth LLC grew its holdings in shares of 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 purchasing an additional 384,226 shares in the last quarter. Aegis Wealth Management Inc. acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter worth approximately $727,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Cabana Target Leading Sector Moderate ETF by 117,997.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock valued at $6,367,000 after purchasing an additional 273,754 shares during the period. Finally, Assetmark Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at approximately $133,000.

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.