Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Decreases By 99.9%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 4 shares, a drop of 99.9% from the December 31st total of 3,216 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 12,278 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 12,278 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

Large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF during the second quarter valued at about $4,104,000. Triad Wealth Partners LLC acquired a new position in Cabana Target Leading Sector Moderate ETF during the 3rd quarter worth $984,000. Citadel Advisors LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF during the third quarter worth approximately $530,000. Assetmark Inc. acquired a new stake in Cabana Target Leading Sector Moderate ETF in the 4th quarter valued at $133,000. Finally, Harbour Investments Inc. raised its position in Cabana Target Leading Sector Moderate ETF by 66.3% in the 2nd quarter. Harbour Investments Inc. now owns 2,102 shares of the company’s stock worth $45,000 after purchasing an additional 838 shares during the last quarter.

Cabana Target Leading Sector Moderate ETF Price Performance

Shares of CLSM stock traded down $0.37 during mid-day trading on Thursday, hitting $24.13. The stock had a trading volume of 2,243 shares, compared to its average volume of 13,144. The firm’s 50-day moving average is $23.55 and its two-hundred day moving average is $22.97. Cabana Target Leading Sector Moderate ETF has a 12-month low of $18.24 and a 12-month high of $24.50. The firm has a market capitalization of $106.89 million, a P/E ratio of 20.00 and a beta of 0.50.

Cabana Target Leading Sector Moderate ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.2088 per share. This represents a dividend yield of 89.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.