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

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 48,664 shares, a decrease of 37.9% from the May 31st total of 78,405 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,427 shares, the days-to-cover ratio is presently 11.0 days.

Institutional Investors Weigh In On Clough Hedged Equity ETF

A hedge fund recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada boosted its holdings in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,547 shares of the company’s stock after purchasing an additional 4,488 shares during the period. Royal Bank of Canada owned 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.

Clough Hedged Equity ETF Stock Performance

Shares of NYSEARCA CBLS traded down $0.35 during mid-day trading on Thursday, hitting $32.91. 2,469 shares of the stock were exchanged, compared to its average volume of 4,303. The company has a market cap of $58.25 million, a P/E ratio of 28.48 and a beta of 0.57. The stock’s fifty day simple moving average is $32.63 and its two-hundred day simple moving average is $30.56. Clough Hedged Equity ETF has a twelve month low of $27.02 and a twelve month high of $34.52.

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.