Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Short Interest Up 585.8% in June

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,495 shares, a growth of 585.8% from the June 15th total of 218 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,659 shares, the short-interest ratio is presently 0.3 days.

Cabana Target Leading Sector Moderate ETF Stock Performance

Shares of CLSM stock traded up $0.13 during trading hours on Friday, reaching $27.32. The company had a trading volume of 2,818 shares, compared to its average volume of 15,966. The business has a fifty day moving average price of $27.15 and a 200-day moving average price of $25.03. Cabana Target Leading Sector Moderate ETF has a one year low of $21.56 and a one year high of $28.10. The firm has a market cap of $93.71 million, a PE ratio of 20.00 and a beta of 0.57.

Institutional Investors Weigh In On Cabana Target Leading Sector Moderate ETF

A number of large investors have recently added to or reduced their stakes in CLSM. Assetmark Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF in the fourth quarter worth $133,000. Citadel Advisors LLC purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter valued at about $530,000. Aegis Wealth Management Inc. purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter valued at about $727,000. Signal Advisors Wealth LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF in the 1st quarter worth approximately $1,752,000. Finally, Corient Private Wealth LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF in the 2nd quarter worth approximately $4,104,000.

Cabana Target Leading Sector Moderate ETF Company Profile

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.