Clough Hedged Equity ETF (NYSEARCA:CBLS) Shares Down 4% – What’s Next?

Clough Hedged Equity ETF (NYSEARCA:CBLS)’s stock price was down 4% on Thursday. The stock traded as low as $27.01 and last traded at $27.01. Approximately 150,470 shares changed hands during trading, an increase of 2,168% from the average session volume of 6,635 shares. The stock had previously closed at $28.13.

Clough Hedged Equity ETF Trading Up 1.7%

The stock has a market cap of $47.23 million, a P/E ratio of 28.48 and a beta of 0.62. The firm has a 50-day simple moving average of $30.60 and a two-hundred day simple moving average of $31.03.

Hedge Funds Weigh In On Clough Hedged Equity ETF

An institutional investor recently bought a new position in Clough Hedged Equity ETF stock. Farther Finance Advisors LLC purchased a new position in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,871 shares of the company’s stock, valued at approximately $152,000. Farther Finance Advisors LLC owned 0.27% of Clough Hedged Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Clough Hedged Equity ETF

The Changebridge Capital Long\u002FShort Equity ETF (CBLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an alternative strategy that takes both long and short position in US-listed stocks. The actively managed fund will typically be 30%-70% net long exposure. CBLS was launched on Nov 13, 2020 and is managed by Changebridge Capital.