Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Shares Shorted: Short Interest Down 88.8% in September

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 98 shares, a decline of 88.8% from the September 15th total of 873 shares. Based on an average daily volume of 4,565 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Cabana Target Leading Sector Moderate ETF

Institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF during the 2nd quarter worth about $139,000. Signal Advisors Wealth LLC purchased a new position in Cabana Target Leading Sector Moderate ETF in the 1st quarter valued at about $1,752,000. Finally, Corient Private Wealth LLC lifted its holdings in Cabana Target Leading Sector Moderate ETF by 152.4% in the 4th quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock valued at $14,787,000 after purchasing an additional 384,226 shares in the last quarter.

Cabana Target Leading Sector Moderate ETF Stock Performance

CLSM stock traded up $0.13 on Friday, reaching $28.25. The company had a trading volume of 4,939 shares, compared to its average volume of 12,661. Cabana Target Leading Sector Moderate ETF has a 1 year low of $22.42 and a 1 year high of $28.41. The company’s fifty day moving average is $27.57 and its 200 day moving average is $26.64. The company has a market cap of $99.72 million, a P/E ratio of 20.00 and a beta of 0.57.

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.