Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Sees Large Decrease in Short Interest

Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 13,406 shares, a decrease of 83.4% from the November 30th total of 80,933 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 21,595 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 21,595 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Shiller CAPE U.S. Equities ETF Stock Up 0.6%

Shares of Shiller CAPE U.S. Equities ETF stock traded up $0.18 on Thursday, reaching $32.51. The stock had a trading volume of 4,021 shares, compared to its average volume of 37,276. The stock has a market capitalization of $331.60 million, a P/E ratio of -22.42 and a beta of 1.05. The company has a 50 day moving average price of $32.04 and a 200 day moving average price of $32.02. Shiller CAPE U.S. Equities ETF has a 1 year low of $27.01 and a 1 year high of $32.99.

Hedge Funds Weigh In On Shiller CAPE U.S. Equities ETF

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Shiller CAPE U.S. Equities ETF during the 2nd quarter worth approximately $45,000. Osaic Holdings Inc. raised its holdings in shares of Shiller CAPE U.S. Equities ETF by 27.0% in the second quarter. Osaic Holdings Inc. now owns 3,999 shares of the company’s stock worth $127,000 after buying an additional 849 shares during the last quarter. Legacy Wealth Managment LLC ID acquired a new stake in shares of Shiller CAPE U.S. Equities ETF during the first quarter worth $130,000. Triad Wealth Partners LLC purchased a new stake in shares of Shiller CAPE U.S. Equities ETF during the third quarter valued at $259,000. Finally, Pettinga Financial Advisors LLC purchased a new stake in shares of Shiller CAPE U.S. Equities ETF during the third quarter valued at $265,000. Institutional investors and hedge funds own 25.05% of the company’s stock.

About Shiller CAPE U.S. Equities ETF

The Barclays ETN+ Shiller Capet ETN (CAPE) is an exchange-traded fund that is based on the Shiller Barclays CAPE US Sector index. The fund is an actively managed, non-transparent ETF that aims to outperform the S&P 500 Index by investing in US stocks of any size from the most undervalued sectors based on the CAPE ratio and momentum factors. The fund utilizes the Precidian non-transparent model. CAPE was launched on Mar 31, 2022 and is managed by DoubleLine.