Clough Hedged Equity ETF (NYSEARCA:CBLS) Trading Down 0.1% – Here’s Why

Shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) fell 0.1% on Wednesday . The stock traded as low as $30.36 and last traded at $30.36. Approximately 372 shares changed hands during trading, a decline of 91% from the average daily volume of 4,191 shares. The stock had previously closed at $30.38.

Clough Hedged Equity ETF Stock Performance

The firm has a 50-day moving average of $32.47 and a 200-day moving average of $31.19. The firm has a market capitalization of $55.86 million, a P/E ratio of 28.48 and a beta of 0.58.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada increased its position in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,547 shares of the company’s stock after buying an additional 4,488 shares during the quarter. Royal Bank of Canada owned 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

About Clough Hedged Equity ETF

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.