Short Interest in Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Increases By 145.2%

Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 23,395 shares, an increase of 145.2% from the June 15th total of 9,540 shares. Based on an average daily trading volume, of 5,014 shares, the days-to-cover ratio is presently 4.7 days. Approximately 4.1% of the shares of the company are sold short.

Clockwise Core Equity & Innovation ETF Stock Performance

Clockwise Core Equity & Innovation ETF stock remained flat at $26.71 during mid-day trading on Thursday. 1,182 shares of the company’s stock were exchanged, compared to its average volume of 3,732. The stock’s 50 day simple moving average is $26.69 and its 200 day simple moving average is $25.23. The stock has a market cap of $15.22 million, a price-to-earnings ratio of -890.33 and a beta of 1.22. Clockwise Core Equity & Innovation ETF has a 12-month low of $22.31 and a 12-month high of $27.45.

Hedge Funds Weigh In On Clockwise Core Equity & Innovation ETF

A hedge fund recently bought a new position in Clockwise Core Equity & Innovation ETF stock. Betterment LLC purchased a new position in shares of Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned 0.91% of Clockwise Core Equity & Innovation ETF as of its most recent SEC filing. 89.28% of the stock is currently owned by institutional investors and hedge funds.

About Clockwise Core Equity & Innovation ETF

The Clockwise Capital Innovation ETF (TIME) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services. TIME was launched on Jan 27, 2022 and is managed by Clockwise Capital.