Short Interest in Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Declines By 47.6%

Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 12,249 shares, a drop of 47.6% from the June 30th total of 23,395 shares. Based on an average daily trading volume, of 1,677 shares, the days-to-cover ratio is presently 7.3 days. Approximately 2.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Clockwise Core Equity & Innovation ETF

An institutional investor recently bought a new position in Clockwise Core Equity & Innovation ETF stock. Betterment LLC bought a new stake in shares of Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned 0.91% of Clockwise Core Equity & Innovation ETF as of its most recent SEC filing. 89.28% of the stock is currently owned by institutional investors.

Clockwise Core Equity & Innovation ETF Trading Down 1.5%

Clockwise Core Equity & Innovation ETF stock traded down $0.39 on Wednesday, reaching $25.71. 2,940 shares of the stock were exchanged, compared to its average volume of 3,574. The stock has a market cap of $14.65 million, a PE ratio of -857.00 and a beta of 1.22. Clockwise Core Equity & Innovation ETF has a twelve month low of $22.31 and a twelve month high of $27.45. The firm has a fifty day moving average price of $26.60 and a two-hundred day moving average price of $25.32.

Clockwise Core Equity & Innovation ETF Company Profile

The Clockwise Capital Innovation ETF (TIME) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services. TIME was launched on Jan 27, 2022 and is managed by Clockwise Capital.