Clough Hedged Equity ETF (NYSEARCA:CBLS) Shares Down 2.3% – Here’s Why

Clough Hedged Equity ETF (NYSEARCA:CBLS)’s share price traded down 2.3% during trading on Friday . The company traded as low as $28.88 and last traded at $28.88. 2,095 shares changed hands during trading, a decline of 57% from the average session volume of 4,831 shares. The stock had previously closed at $29.55.

Clough Hedged Equity ETF Stock Down 2.3%

The stock has a 50-day moving average of $29.92 and a 200 day moving average of $28.77. The stock has a market cap of $45.05 million, a PE ratio of 28.48 and a beta of 0.55.

Clough Hedged Equity ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.247 per share. The ex-dividend date was Tuesday, December 30th.

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 grew its position in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,547 shares of the company’s stock after purchasing an additional 4,488 shares during the quarter. Royal Bank of Canada owned approximately 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.

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.