Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Large Increase in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 3,216 shares, an increase of 1,141.7% from the December 15th total of 259 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 17,934 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 17,934 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Cabana Target Leading Sector Moderate ETF Stock Down 0.2%

NASDAQ CLSM opened at $23.78 on Wednesday. The stock has a market capitalization of $107.25 million, a PE ratio of 20.00 and a beta of 0.50. Cabana Target Leading Sector Moderate ETF has a 12-month low of $18.24 and a 12-month high of $23.89. The company has a 50 day moving average price of $23.40 and a two-hundred day moving average price of $22.81.

Cabana Target Leading Sector Moderate ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.2088 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 89.0%.

Hedge Funds Weigh In On Cabana Target Leading Sector Moderate ETF

Several institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF in the third quarter worth about $530,000. Triad Wealth Partners LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF in the 3rd quarter valued at approximately $984,000. Corient Private Wealth LLC acquired a new stake in Cabana Target Leading Sector Moderate ETF in the 2nd quarter worth approximately $4,104,000. Harbour Investments Inc. boosted its position in Cabana Target Leading Sector Moderate ETF by 66.3% during the second quarter. Harbour Investments Inc. now owns 2,102 shares of the company’s stock worth $45,000 after purchasing an additional 838 shares during the period. Finally, Avaii Wealth Management LLC acquired a new position in Cabana Target Leading Sector Moderate ETF during the second quarter valued at approximately $365,000.

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.