Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Stock Short Interest Jumps 908.2%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 988 shares, a growth of 908.2% from the September 30th total of 98 shares. Based on an average trading volume of 3,988 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Cabana Target Leading Sector Moderate ETF Stock Performance

Shares of CLSM traded up $0.02 during trading hours on Wednesday, hitting $27.73. The stock had a trading volume of 342 shares, compared to its average volume of 12,003. The firm has a 50-day moving average price of $27.61 and a 200 day moving average price of $26.00. Cabana Target Leading Sector Moderate ETF has a fifty-two week low of $22.42 and a fifty-two week high of $28.41. The firm has a market capitalization of $97.88 million, a price-to-earnings ratio of 20.00 and a beta of 0.57.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cabana Target Leading Sector Moderate ETF stock. Continuum Advisory LLC acquired a new position in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,050 shares of the company’s stock, valued at approximately $139,000. Continuum Advisory LLC owned 0.14% of Cabana Target Leading Sector Moderate ETF as of its most recent filing with the Securities & Exchange Commission.

About Cabana Target Leading Sector Moderate ETF

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.