Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Declines By 64.8%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 17,976 shares, a decline of 64.8% from the July 15th total of 51,089 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 5,970 shares, the short-interest ratio is presently 3.0 days.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its position in Cabana Target Leading Sector Moderate ETF by 152.4% during the 4th quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock worth $14,787,000 after buying an additional 384,226 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cabana Target Leading Sector Moderate ETF by 117,997.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock valued at $6,367,000 after acquiring an additional 273,754 shares in the last quarter. Signal Advisors Wealth LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF in the 1st quarter valued at about $1,752,000. Aegis Wealth Management Inc. acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at about $727,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF in the third quarter valued at about $530,000.

Cabana Target Leading Sector Moderate ETF Stock Performance

NASDAQ CLSM traded down $0.03 during trading on Friday, hitting $27.86. The stock had a trading volume of 2,099 shares, compared to its average volume of 14,797. The company has a market capitalization of $99.74 million, a PE ratio of 20.00 and a beta of 0.57. The company’s 50-day moving average price is $27.05 and its two-hundred day moving average price is $25.57. Cabana Target Leading Sector Moderate ETF has a 12 month low of $21.93 and a 12 month high of $28.10.

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.