Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Significant Increase in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,334 shares, an increase of 946.6% from the August 15th total of 223 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 3,908 shares, the short-interest ratio is currently 0.6 days.

Cabana Target Leading Sector Moderate ETF Price Performance

CLSM traded down $0.22 during midday trading on Thursday, reaching $27.09. 3,624 shares of the company’s stock traded hands, compared to its average volume of 13,653. The stock has a market capitalization of $96.98 million, a price-to-earnings ratio of 20.00 and a beta of 0.57. The firm has a fifty day moving average of $27.13 and a two-hundred day moving average of $26.06. Cabana Target Leading Sector Moderate ETF has a 52 week low of $22.42 and a 52 week high of $28.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC increased its position in shares of Cabana Target Leading Sector Moderate ETF by 152.4% during the fourth 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. Northwestern Mutual Wealth Management Co. grew 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 valued at $6,367,000 after acquiring an additional 273,754 shares during the period. Signal Advisors Wealth LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF in the first quarter worth about $1,752,000. Aegis Wealth Management Inc. purchased a new stake in Cabana Target Leading Sector Moderate ETF in the 4th quarter worth approximately $727,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF in the third quarter worth $530,000.

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.