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 significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,966 shares, an increase of 88.5% from the April 30th total of 1,043 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 7,955 shares, the short-interest ratio is presently 0.2 days.

Cabana Target Leading Sector Moderate ETF Stock Performance

Cabana Target Leading Sector Moderate ETF stock opened at $27.94 on Tuesday. The company has a 50 day moving average price of $25.28 and a 200-day moving average price of $24.22. Cabana Target Leading Sector Moderate ETF has a fifty-two week low of $20.78 and a fifty-two week high of $28.01. The company has a market capitalization of $102.26 million, a PE ratio of 20.00 and a beta of 0.55.

Institutional Trading of Cabana Target Leading Sector Moderate ETF

Several institutional investors and hedge funds have recently modified their holdings of CLSM. Assetmark Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at approximately $133,000. Citadel Advisors LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the third quarter valued at approximately $530,000. Aegis Wealth Management Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at approximately $727,000. 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. Finally, Corient Private Wealth LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the second quarter valued at approximately $4,104,000.

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.