Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Increases By 946.6%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 2,334 shares, a growth of 946.6% from the August 15th total of 223 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,908 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Continuum Advisory LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF in the 2nd quarter worth $139,000. Citadel Advisors LLC bought a new stake in Cabana Target Leading Sector Moderate ETF during the 3rd quarter valued at $530,000. Aegis Wealth Management Inc. bought a new stake in Cabana Target Leading Sector Moderate ETF during the 4th quarter valued at $727,000. Signal Advisors Wealth LLC acquired a new position in Cabana Target Leading Sector Moderate ETF during the first quarter worth $1,752,000. Finally, Corient Private Wealth LLC acquired a new position in Cabana Target Leading Sector Moderate ETF during the second quarter worth $4,104,000.

Cabana Target Leading Sector Moderate ETF Trading Up 0.9%

Cabana Target Leading Sector Moderate ETF stock traded up $0.25 during midday trading on Friday, reaching $27.31. The stock had a trading volume of 5,631 shares, compared to its average volume of 13,606. Cabana Target Leading Sector Moderate ETF has a 12 month low of $22.42 and a 12 month high of $28.10. The company has a market capitalization of $97.77 million, a P/E ratio of 20.00 and a beta of 0.57. The company has a fifty day moving average price of $27.14 and a two-hundred day moving average price of $26.07.

Cabana Target Leading Sector Moderate ETF Company Profile

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.