Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Sees Significant Decline in Short Interest

Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,105 shares, a drop of 91.8% from the December 15th total of 13,406 shares. Based on an average daily volume of 24,882 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 24,882 shares, the days-to-cover ratio is presently 0.0 days.

Shiller CAPE U.S. Equities ETF Price Performance

CAPE stock traded up $0.13 during midday trading on Wednesday, hitting $32.76. 35,163 shares of the stock traded hands, compared to its average volume of 23,318. The stock’s fifty day simple moving average is $32.19 and its 200-day simple moving average is $32.14. The firm has a market cap of $336.77 million, a P/E ratio of -22.59 and a beta of 1.05. Shiller CAPE U.S. Equities ETF has a 1-year low of $27.01 and a 1-year high of $32.99.

Hedge Funds Weigh In On Shiller CAPE U.S. Equities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Shiller CAPE U.S. Equities ETF during the second quarter worth $45,000. Osaic Holdings Inc. increased its stake in Shiller CAPE U.S. Equities ETF by 27.0% in the second quarter. Osaic Holdings Inc. now owns 3,999 shares of the company’s stock valued at $127,000 after purchasing an additional 849 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Shiller CAPE U.S. Equities ETF in the 3rd quarter valued at about $259,000. Pettinga Financial Advisors LLC acquired a new position in Shiller CAPE U.S. Equities ETF in the third quarter valued at $265,000. Finally, Creative Financial Designs Inc. ADV increased its stake in Shiller CAPE U.S. Equities ETF by 1,080.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 14,755 shares of the company’s stock valued at $469,000 after buying an additional 13,505 shares during the period. Institutional investors and hedge funds own 25.05% of the company’s stock.

About Shiller CAPE U.S. Equities ETF

The Barclays ETN+ Shiller Capet ETN (CAPE) is an exchange-traded fund that is based on the Shiller Barclays CAPE US Sector index. The fund is an actively managed, non-transparent ETF that aims to outperform the S&P 500 Index by investing in US stocks of any size from the most undervalued sectors based on the CAPE ratio and momentum factors. The fund utilizes the Precidian non-transparent model. CAPE was launched on Mar 31, 2022 and is managed by DoubleLine.