Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Short Interest Update

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 227 shares, a drop of 88.5% from the May 14th total of 1,966 shares. Based on an average daily trading volume, of 9,988 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLSM. Corient Private Wealth LLC raised its stake in Cabana Target Leading Sector Moderate ETF by 152.4% in the fourth quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock valued at $14,787,000 after buying an additional 384,226 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Cabana Target Leading Sector Moderate ETF by 117,997.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock valued at $6,367,000 after buying an additional 273,754 shares during the last quarter. Signal Advisors Wealth LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF in the first quarter valued at about $1,752,000. Aegis Wealth Management Inc. purchased a new stake in Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at about $727,000. Finally, Citadel Advisors LLC purchased a new stake in Cabana Target Leading Sector Moderate ETF in the third quarter valued at about $530,000.

Cabana Target Leading Sector Moderate ETF Price Performance

Cabana Target Leading Sector Moderate ETF stock traded down $0.22 during midday trading on Tuesday, reaching $26.86. The company’s stock had a trading volume of 2,640 shares, compared to its average volume of 15,926. The stock’s 50-day simple moving average is $25.76 and its 200-day simple moving average is $24.37. Cabana Target Leading Sector Moderate ETF has a 52-week low of $20.93 and a 52-week high of $28.10. The stock has a market capitalization of $98.31 million, a P/E ratio of 20.00 and a beta of 0.57.

About Cabana Target Leading Sector Moderate ETF

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.