Clough Hedged Equity ETF (NYSEARCA:CBLS) Stock Price Down 0.8% – Time to Sell?

Clough Hedged Equity ETF (NYSEARCA:CBLS) shares traded down 0.8% during trading on Tuesday . The stock traded as low as $32.20 and last traded at $32.58. 7,507 shares were traded during trading, an increase of 73% from the average session volume of 4,333 shares. The stock had previously closed at $32.85.

Clough Hedged Equity ETF Stock Performance

The company has a 50 day moving average of $31.56 and a 200 day moving average of $29.97. The stock has a market capitalization of $55.06 million, a price-to-earnings ratio of 28.48 and a beta of 0.57.

Institutional Investors Weigh In On Clough Hedged Equity ETF

A hedge fund recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada lifted its holdings in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,547 shares of the company’s stock after buying an additional 4,488 shares during the period. Royal Bank of Canada owned approximately 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

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.