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

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 2,400 shares, a drop of 74.7% from the September 15th total of 9,500 shares. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cabana Target Leading Sector Moderate ETF stock. Selective Wealth Management Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,993 shares of the company’s stock, valued at approximately $362,000. Selective Wealth Management Inc. owned 0.19% of Cabana Target Leading Sector Moderate ETF at the end of the most recent quarter.

Cabana Target Leading Sector Moderate ETF Stock Up 0.4 %

Cabana Target Leading Sector Moderate ETF stock traded up $0.09 during mid-day trading on Friday, hitting $21.71. 16,535 shares of the company’s stock traded hands, compared to its average volume of 58,978. Cabana Target Leading Sector Moderate ETF has a one year low of $19.57 and a one year high of $21.73. The firm has a 50 day moving average price of $21.03 and a 200 day moving average price of $20.68. The company has a market cap of $159.15 million, a PE ratio of 19.49 and a beta of 0.50.

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.