Clough Hedged Equity ETF (NYSEARCA:CBLS) Shares Up 0.3% – Still a Buy?

Clough Hedged Equity ETF (NYSEARCA:CBLS)’s share price was up 0.3% during trading on Thursday . The company traded as high as $30.62 and last traded at $30.62. Approximately 169 shares changed hands during trading, a decline of 96% from the average session volume of 3,867 shares. The stock had previously closed at $30.54.

Clough Hedged Equity ETF Price Performance

The business has a 50-day simple moving average of $31.50 and a two-hundred day simple moving average of $31.29. The stock has a market cap of $56.34 million, a price-to-earnings ratio of 28.48 and a beta of 0.58.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada raised its holdings in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

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.