Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Short Interest Up 585.8% in June

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,495 shares, an increase of 585.8% from the June 15th total of 218 shares. Based on an average trading volume of 5,659 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Cabana Target Leading Sector Moderate ETF Stock Performance

Shares of NASDAQ CLSM traded up $0.13 during midday trading on Friday, reaching $27.32. The company’s stock had a trading volume of 2,818 shares, compared to its average volume of 15,966. The company has a market cap of $93.71 million, a P/E ratio of 20.00 and a beta of 0.57. The business’s 50 day moving average price is $27.15 and its two-hundred day moving average price is $25.02. Cabana Target Leading Sector Moderate ETF has a fifty-two week low of $21.56 and a fifty-two week high of $28.10.

Hedge Funds Weigh In On Cabana Target Leading Sector Moderate ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. bought a new position in Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at about $133,000. Citadel Advisors LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF in the third quarter valued at approximately $530,000. Aegis Wealth Management Inc. acquired a new position in shares of Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at approximately $727,000. Signal Advisors Wealth LLC bought a new position in Cabana Target Leading Sector Moderate ETF in the 1st quarter valued at approximately $1,752,000. Finally, Corient Private Wealth LLC bought a new position in Cabana Target Leading Sector Moderate ETF in the 2nd quarter valued at approximately $4,104,000.

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.