Short Interest in Clough Hedged Equity ETF (NYSEARCA:CBLS) Rises By 2,962.2%

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,155 shares, an increase of 2,962.2% from the November 30th total of 201 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 11,443 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 11,443 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Clough Hedged Equity ETF

An institutional investor recently raised its position in Clough Hedged Equity ETF stock. Raymond James Financial Inc. raised its holdings in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 0.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,523 shares of the company’s stock after purchasing an additional 523 shares during the quarter. Raymond James Financial Inc. owned 7.83% of Clough Hedged Equity ETF worth $3,150,000 as of its most recent SEC filing.

Clough Hedged Equity ETF Trading Down 0.3%

Clough Hedged Equity ETF stock traded down $0.08 during midday trading on Wednesday, reaching $27.90. The stock had a trading volume of 19,208 shares, compared to its average volume of 6,321. The company has a fifty day moving average price of $28.02 and a two-hundred day moving average price of $28.33. Clough Hedged Equity ETF has a 12 month low of $24.37 and a 12 month high of $29.68. The company has a market capitalization of $41.01 million, a P/E ratio of 28.48 and a beta of 0.55.

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.