Clough Hedged Equity ETF (NYSEARCA:CBLS) Sees Large Decline in Short Interest

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 25,365 shares, a decline of 47.9% from the June 15th total of 48,664 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is currently 4.5 days.

Institutional Investors Weigh In On Clough Hedged Equity ETF

A hedge fund recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada increased its holdings in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,547 shares of the company’s stock after purchasing an additional 4,488 shares during the period. Royal Bank of Canada owned 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.

Clough Hedged Equity ETF Stock Down 1.0%

NYSEARCA CBLS traded down $0.31 on Thursday, reaching $31.99. The stock had a trading volume of 1,646 shares, compared to its average volume of 4,274. Clough Hedged Equity ETF has a 12-month low of $27.02 and a 12-month high of $34.52. The stock has a fifty day moving average price of $32.87 and a two-hundred day moving average price of $30.92. The firm has a market capitalization of $58.86 million, a price-to-earnings ratio of 28.48 and a beta of 0.57.

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.