Clough Hedged Equity ETF (NYSEARCA:CBLS) Stock Falls 1.9% – Should You Sell?

Clough Hedged Equity ETF (NYSEARCA:CBLS) traded down 1.9% during trading on Thursday. The company traded as low as $30.36 and last traded at $30.36. Approximately 548 shares traded hands during trading, a decline of 85% from the average session volume of 3,558 shares. The stock had previously closed at $30.95.

Clough Hedged Equity ETF Trading Down 1.9%

The stock’s 50-day moving average price is $31.08 and its two-hundred day moving average price is $31.60. The stock has a market capitalization of $55.26 million, a P/E ratio of 28.48 and a beta of 0.59.

Institutional Investors Weigh In On Clough Hedged Equity ETF

An institutional investor recently bought a new stake in Clough Hedged Equity ETF stock. Farther Finance Advisors LLC purchased a new stake in Clough Hedged Equity ETF (NYSEARCA:CBLS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Clough Hedged Equity ETF Company Profile

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.