Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Shares Up 0.7% – Here’s Why

Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) shares traded up 0.7% during mid-day trading on Thursday. The company traded as high as $31.42 and last traded at $31.39. Approximately 11,982 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 41,762 shares. The stock had previously closed at $31.17.

Shiller CAPE U.S. Equities ETF Price Performance

The company’s 50 day simple moving average is $32.37 and its 200 day simple moving average is $32.25. The company has a market capitalization of $206.51 million, a PE ratio of -21.71 and a beta of 0.97.

Hedge Funds Weigh In On Shiller CAPE U.S. Equities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HF Advisory Group LLC grew its holdings in Shiller CAPE U.S. Equities ETF by 4.6% in the third quarter. HF Advisory Group LLC now owns 156,526 shares of the company’s stock valued at $4,837,000 after purchasing an additional 6,886 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Shiller CAPE U.S. Equities ETF during the 1st quarter worth $96,000. Root Financial Partners LLC acquired a new position in shares of Shiller CAPE U.S. Equities ETF during the 1st quarter worth $32,000. Finally, Main Street Financial Solutions LLC boosted its position in shares of Shiller CAPE U.S. Equities ETF by 14.0% in the 4th quarter. Main Street Financial Solutions LLC now owns 126,347 shares of the company’s stock worth $4,073,000 after buying an additional 15,556 shares in the last quarter. 25.05% of the stock is owned by institutional investors and hedge funds.

Shiller CAPE U.S. Equities ETF Company Profile

The Barclays ETN+ Shiller Capet ETN (CAPE) is an exchange-traded fund that is based on the Shiller Barclays CAPE US Sector index. The fund is an actively managed, non-transparent ETF that aims to outperform the S&P 500 Index by investing in US stocks of any size from the most undervalued sectors based on the CAPE ratio and momentum factors. The fund utilizes the Precidian non-transparent model. CAPE was launched on Mar 31, 2022 and is managed by DoubleLine.