Clough Hedged Equity ETF (NYSEARCA:CBLS) Sees Large Drop in Short Interest

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 3,964 shares, a decline of 60.7% from the January 15th total of 10,094 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 2,059 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 2,059 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.3% of the shares of the company are sold short.

Clough Hedged Equity ETF Stock Down 1.8%

Shares of NYSEARCA CBLS traded down $0.56 during midday trading on Thursday, hitting $29.97. 4,558 shares of the company’s stock were exchanged, compared to its average volume of 3,826. The firm has a market capitalization of $46.75 million, a PE ratio of 28.48 and a beta of 0.55. Clough Hedged Equity ETF has a 12 month low of $24.37 and a 12 month high of $30.89. The company’s 50 day moving average price is $28.98 and its 200 day moving average price is $28.54.

Clough Hedged Equity ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $0.247 dividend. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of Clough Hedged Equity ETF

An institutional investor recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada raised its stake in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,547 shares of the company’s stock after acquiring an additional 4,488 shares during the quarter. Royal Bank of Canada owned about 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent reporting period.

Clough Hedged Equity ETF Company Profile

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.