Logan Capital Broad Innovative Growth ETF (NYSEARCA:LCLG) Sees Large Growth in Short Interest

Logan Capital Broad Innovative Growth ETF (NYSEARCA:LCLG) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,529 shares, a growth of 3,979.0% from the June 15th total of 62 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 939 shares, the days-to-cover ratio is presently 2.7 days.

Logan Capital Broad Innovative Growth ETF Price Performance

Shares of LCLG traded up $1.32 during mid-day trading on Friday, reaching $73.84. 177 shares of the company’s stock were exchanged, compared to its average volume of 1,205. The business’s fifty day simple moving average is $72.31 and its 200-day simple moving average is $66.45. The stock has a market capitalization of $111.50 million, a PE ratio of 28.99 and a beta of 1.29. Logan Capital Broad Innovative Growth ETF has a 52-week low of $56.29 and a 52-week high of $76.05.

Logan Capital Broad Innovative Growth ETF Company Profile

The Logan Capital Broad Innovative Growth ETF (LCLG) is an exchange-traded fund that mostly invests in large cap equity. The fund actively invests in a growth portfolio of primarily large-cap US-listed companies that use innovative technologies. Equities are selected based on macroeconomic, fundamental, and technical factors. LCLG was launched on Jan 1, 2022 and is managed by Logan.