Clough Hedged Equity ETF (NYSEARCA:CBLS) Shares Down 0.1% – Here’s Why

Clough Hedged Equity ETF (NYSEARCA:CBLS) dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $30.36 and last traded at $30.36. 372 shares changed hands during trading, a decline of 91% from the average daily volume of 4,191 shares. The stock had previously closed at $30.38.

Clough Hedged Equity ETF Price Performance

The stock has a market cap of $56.64 million, a price-to-earnings ratio of 28.48 and a beta of 0.58. The business’s fifty day simple moving average is $32.42 and its 200 day simple moving average is $31.19.

Institutional Investors 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 shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,547 shares of the company’s stock after buying an additional 4,488 shares during the period. Royal Bank of Canada owned about 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.

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.