Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Up 195.6% in July

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,216 shares, a growth of 195.6% from the July 15th total of 4,471 shares. Based on an average daily volume of 3,838 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Clough Hedged Equity ETF

An institutional investor recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada grew its stake in shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 10,547 shares of the company’s stock after acquiring an additional 4,488 shares during the quarter. Royal Bank of Canada owned about 0.68% of Clough Hedged Equity ETF worth $276,000 as of its most recent SEC filing.

Clough Hedged Equity ETF Stock Performance

Shares of NYSEARCA CBLS traded down $0.32 during midday trading on Thursday, reaching $30.83. The company’s stock had a trading volume of 224 shares, compared to its average volume of 4,051. Clough Hedged Equity ETF has a fifty-two week low of $27.02 and a fifty-two week high of $34.52. The business’s 50 day moving average price is $32.14 and its two-hundred day moving average price is $31.22. The company has a market cap of $56.73 million, a P/E ratio of 28.48 and a beta of 0.58.

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.