Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Short Interest Update

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 227 shares, a drop of 88.5% from the May 14th total of 1,966 shares. Based on an average daily volume of 9,988 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF in the fourth quarter worth $133,000. Citadel Advisors LLC purchased a new position in Cabana Target Leading Sector Moderate ETF during the third quarter worth about $530,000. Aegis Wealth Management Inc. bought a new position in Cabana Target Leading Sector Moderate ETF in the 4th quarter worth about $727,000. Signal Advisors Wealth LLC bought a new position in Cabana Target Leading Sector Moderate ETF in the 1st quarter worth about $1,752,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 2nd quarter valued at about $4,104,000.

Cabana Target Leading Sector Moderate ETF Trading Up 1.6%

Shares of CLSM stock traded up $0.43 during trading hours on Thursday, reaching $27.00. The stock had a trading volume of 1,488 shares, compared to its average volume of 15,661. The stock’s fifty day simple moving average is $25.93 and its 200 day simple moving average is $24.43. Cabana Target Leading Sector Moderate ETF has a 12 month low of $20.93 and a 12 month high of $28.10. The firm has a market capitalization of $98.82 million, a PE ratio of 20.00 and a beta of 0.57.

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. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.