Clough Hedged Equity ETF (NYSEARCA:CBLS) Shares Up 0.3% – What’s Next?

Shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) were up 0.3% during trading on Thursday . The stock traded as high as $30.62 and last traded at $30.62. 169 shares traded hands during trading, a decline of 96% from the average daily volume of 3,867 shares. The stock had previously closed at $30.54.

Clough Hedged Equity ETF Stock Performance

The firm’s 50 day moving average price is $31.45 and its two-hundred day moving average price is $31.28. The company has a market cap of $56.65 million, a P/E ratio of 28.48 and a beta of 0.58.

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 grew its stake in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,547 shares of the company’s stock after purchasing an additional 4,488 shares during the period. Royal Bank of Canada owned approximately 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

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.