Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Increases By 88.5%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,966 shares, a growth of 88.5% from the April 30th total of 1,043 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,955 shares, the days-to-cover ratio is presently 0.2 days.

Cabana Target Leading Sector Moderate ETF Stock Performance

Shares of CLSM opened at $27.99 on Thursday. The stock has a 50-day simple moving average of $25.50 and a 200-day simple moving average of $24.28. The stock has a market capitalization of $102.44 million, a PE ratio of 20.00 and a beta of 0.57. Cabana Target Leading Sector Moderate ETF has a 1 year low of $20.85 and a 1 year high of $28.10.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC raised its position in shares of Cabana Target Leading Sector Moderate ETF by 152.4% during the 4th quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock worth $14,787,000 after acquiring an additional 384,226 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Cabana Target Leading Sector Moderate ETF by 117,997.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock worth $6,367,000 after acquiring an additional 273,754 shares in the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 1st quarter worth about $1,752,000. Aegis Wealth Management Inc. acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter worth about $727,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter worth about $530,000.

Cabana Target Leading Sector Moderate ETF Company Profile

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.