Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Significant Growth in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 2,600 shares, a growth of 8.3% from the January 15th total of 2,400 shares. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF during the third quarter worth about $92,000. Susquehanna International Group LLP grew its holdings in Cabana Target Leading Sector Moderate ETF by 13.9% in the fourth quarter. Susquehanna International Group LLP now owns 104,599 shares of the company’s stock valued at $2,126,000 after purchasing an additional 12,763 shares during the period. Avaii Wealth Management LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at approximately $338,000. Citadel Advisors LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at approximately $433,000. Finally, Triad Wealth Partners LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF in the third quarter valued at approximately $612,000.

Cabana Target Leading Sector Moderate ETF Stock Performance

NASDAQ:CLSM traded up $0.03 during mid-day trading on Tuesday, hitting $21.12. 555 shares of the company’s stock traded hands, compared to its average volume of 17,740. The firm’s 50 day simple moving average is $20.85 and its 200 day simple moving average is $21.11. Cabana Target Leading Sector Moderate ETF has a 1 year low of $19.57 and a 1 year high of $22.00. The company has a market cap of $138.96 million, a PE ratio of 19.49 and a beta of 0.50.

Cabana Target Leading Sector Moderate ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a dividend of $0.4331 per share. The ex-dividend date was Monday, December 30th.

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.