Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Down 37.9% in June

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 48,664 shares, a decline of 37.9% from the May 31st total of 78,405 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 4,427 shares, the days-to-cover ratio is presently 11.0 days.

Clough Hedged Equity ETF Stock Performance

CBLS stock remained flat at $32.91 during mid-day trading on Friday. The company’s stock had a trading volume of 2,469 shares, compared to its average volume of 4,303. Clough Hedged Equity ETF has a 1-year low of $27.02 and a 1-year high of $34.52. The business’s 50 day moving average price is $32.67 and its 200 day moving average price is $30.59. The company has a market capitalization of $58.25 million, a P/E ratio of 28.48 and a beta of 0.57.

Hedge Funds Weigh In On Clough Hedged Equity ETF

An institutional investor recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada boosted its position in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,547 shares of the company’s stock after buying an additional 4,488 shares during the period. Royal Bank of Canada owned approximately 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent quarter.

Clough Hedged Equity ETF Company Profile

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.