Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Significant Decrease in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 17,976 shares, a decrease of 64.8% from the July 15th total of 51,089 shares. Based on an average trading volume of 5,970 shares, the short-interest ratio is currently 3.0 days. Approximately 0.5% of the company’s stock are sold short.

Cabana Target Leading Sector Moderate ETF Stock Down 0.2%

Shares of NASDAQ:CLSM traded down $0.05 on Friday, hitting $27.84. 6,646 shares of the company traded hands, compared to its average volume of 14,829. The stock has a 50 day simple moving average of $27.07 and a 200-day simple moving average of $25.59. The company has a market cap of $99.67 million, a PE ratio of 20.00 and a beta of 0.57. Cabana Target Leading Sector Moderate ETF has a 52 week low of $21.93 and a 52 week high of $28.10.

Institutional Trading of Cabana Target Leading Sector Moderate ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CLSM. Assetmark Inc. bought a new position in shares of Cabana Target Leading Sector Moderate ETF in the fourth quarter worth approximately $133,000. Citadel Advisors LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the third quarter valued at approximately $530,000. Aegis Wealth Management Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at approximately $727,000. Signal Advisors Wealth LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the first quarter valued at approximately $1,752,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Cabana Target Leading Sector Moderate ETF in the second quarter worth $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.