Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM – Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 51,089 shares, a growth of 3,317.3% from the June 30th total of 1,495 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 36,715 shares, the short-interest ratio is presently 1.4 days.
Cabana Target Leading Sector Moderate ETF Stock Performance
CLSM stock opened at $26.36 on Friday. Cabana Target Leading Sector Moderate ETF has a one year low of $21.56 and a one year high of $28.10. The firm has a market cap of $94.37 million, a price-to-earnings ratio of 20.00 and a beta of 0.57. The firm has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $25.24.
Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at approximately $133,000. Citadel Advisors LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF during the third quarter worth $530,000. Aegis Wealth Management Inc. purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter valued at $727,000. Signal Advisors Wealth LLC purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 1st quarter valued at $1,752,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 2nd quarter worth $4,104,000.
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.
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