Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Grows By 3,317.3%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 51,089 shares, an increase of 3,317.3% from the June 30th total of 1,495 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 36,715 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

A number of institutional investors have recently made changes to their positions in CLSM. Signal Advisors Wealth LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the first quarter valued at approximately $1,752,000. Corient Private Wealth LLC lifted its position in Cabana Target Leading Sector Moderate ETF by 152.4% in the 4th quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock valued at $14,787,000 after acquiring an additional 384,226 shares in the last quarter. Aegis Wealth Management Inc. purchased a new stake in Cabana Target Leading Sector Moderate ETF during the 4th quarter valued at $727,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 valued at $6,367,000 after purchasing an additional 273,754 shares during the last quarter. Finally, Assetmark Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 4th quarter worth $133,000.

Cabana Target Leading Sector Moderate ETF Stock Performance

Shares of CLSM stock opened at $26.36 on Friday. The company has a market capitalization of $94.37 million, a price-to-earnings ratio of 20.00 and a beta of 0.57. Cabana Target Leading Sector Moderate ETF has a one year low of $21.56 and a one year high of $28.10. The company’s 50-day moving average is $27.17 and its 200 day moving average is $25.24.

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.