Clough Hedged Equity ETF (NYSEARCA:CBLS) Shares Down 1.1% – Here’s Why

Clough Hedged Equity ETF (NYSEARCA:CBLS) dropped 1.1% during mid-day trading on Monday . The company traded as low as $32.16 and last traded at $32.16. Approximately 198 shares traded hands during trading, a decline of 95% from the average daily volume of 4,090 shares. The stock had previously closed at $32.52.

Clough Hedged Equity ETF Trading Up 0.4%

The firm has a market capitalization of $54.23 million, a P/E ratio of 28.48 and a beta of 0.57. The business has a 50 day moving average of $30.53 and a 200-day moving average of $29.46.

Hedge Funds Weigh In On Clough Hedged Equity ETF

A hedge fund recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada raised its holdings in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,547 shares of the company’s stock after buying an additional 4,488 shares during the period. Royal Bank of Canada owned 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent reporting period.

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.