Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Up 45.5% in March

Clough Hedged Equity ETF (NYSEARCA:CBLS) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 40,509 shares, a growth of 45.5% from the February 26th total of 27,833 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 8,950 shares, the short-interest ratio is currently 4.5 days.

Clough Hedged Equity ETF Trading Down 0.0%

NYSEARCA CBLS traded down $0.01 on Friday, hitting $29.32. 36 shares of the company traded hands, compared to its average volume of 5,182. The business’s 50 day moving average price is $29.93 and its 200-day moving average price is $28.84. The company has a market capitalization of $45.74 million, a price-to-earnings ratio of 28.48 and a beta of 0.55. Clough Hedged Equity ETF has a 52-week low of $24.37 and a 52-week high of $30.89.

Clough Hedged Equity ETF Dividend Announcement

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

Institutional Investors Weigh In On Clough Hedged Equity ETF

An institutional investor recently raised its position in Clough Hedged Equity ETF stock. Royal Bank of Canada raised its position in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to its most recent disclosure 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 quarter. 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 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.