Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $26.13 and traded as high as $26.28. Cabana Target Leading Sector Moderate ETF shares last traded at $26.17, with a volume of 7,780 shares changing hands.

Cabana Target Leading Sector Moderate ETF Stock Up 0.5%

The company has a market capitalization of $92.38 million, a PE ratio of 16.17 and a beta of 0.55. The firm has a 50-day moving average of $27.52 and a two-hundred day moving average of $26.13.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

A hedge fund recently bought a new position in Cabana Target Leading Sector Moderate ETF stock. Continuum Advisory LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,050 shares of the company’s stock, valued at approximately $139,000. Continuum Advisory LLC owned about 0.14% of Cabana Target Leading Sector Moderate ETF as of its most recent SEC filing.

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.