Logan Capital Broad Innovative Growth ETF (NYSEARCA:LCLG) Sees Significant Growth in Short Interest

Logan Capital Broad Innovative Growth ETF (NYSEARCA:LCLG) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 866 shares, a growth of 75.7% from the May 14th total of 493 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 987 shares, the days-to-cover ratio is presently 0.9 days.

Logan Capital Broad Innovative Growth ETF Price Performance

Shares of NYSEARCA LCLG traded up $1.80 during midday trading on Monday, reaching $74.86. 179 shares of the stock traded hands, compared to its average volume of 1,261. The stock has a market capitalization of $112.29 million, a PE ratio of 28.99 and a beta of 1.30. Logan Capital Broad Innovative Growth ETF has a one year low of $52.85 and a one year high of $75.20. The company’s 50 day moving average is $68.64 and its 200 day moving average is $64.97.

Logan Capital Broad Innovative Growth ETF Company Profile

The Logan Capital Broad Innovative Growth ETF (LCLG) is an exchange-traded fund that mostly invests in large cap equity. The fund actively invests in a growth portfolio of primarily large-cap US-listed companies that use innovative technologies. Equities are selected based on macroeconomic, fundamental, and technical factors. LCLG was launched on Jan 1, 2022 and is managed by Logan.