Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Update

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 25,365 shares, a decrease of 47.9% from the June 15th total of 48,664 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is presently 4.5 days.

Hedge Funds Weigh In On Clough Hedged Equity ETF

An institutional investor recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada raised its stake in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,547 shares of the company’s stock after purchasing 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 quarter.

Clough Hedged Equity ETF Stock Down 1.0%

Shares of NYSEARCA CBLS traded down $0.34 during midday trading on Wednesday, hitting $32.16. 330 shares of the company’s stock were exchanged, compared to its average volume of 4,292. The firm has a market capitalization of $59.17 million, a PE ratio of 28.48 and a beta of 0.57. Clough Hedged Equity ETF has a 12 month low of $27.02 and a 12 month high of $34.52. The company’s 50 day moving average price is $32.86 and its 200 day moving average price is $30.86.

About Clough Hedged Equity ETF

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.