Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Update

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 78,405 shares, a growth of 87.1% from the May 14th total of 41,916 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily volume of 4,814 shares, the short-interest ratio is currently 16.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada grew its position in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,547 shares of the company’s stock after acquiring an additional 4,488 shares during the period. Royal Bank of Canada owned about 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent quarter.

Clough Hedged Equity ETF Price Performance

NYSEARCA CBLS opened at $32.80 on Monday. The company has a market capitalization of $55.43 million, a PE ratio of 28.48 and a beta of 0.57. The company has a fifty day moving average of $31.79 and a 200 day moving average of $30.08. Clough Hedged Equity ETF has a 1 year low of $27.02 and a 1 year high of $34.52.

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.