Clough Long/Short Equity ETF (NYSEARCA:CBLS) Trading 0.6% Higher – Here’s What Happened

Clough Long/Short Equity ETF (NYSEARCA:CBLS) traded up 0.6% during trading on Monday . The stock traded as high as $28.46 and last traded at $28.46. 67 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 6,566 shares. The stock had previously closed at $28.30.

Clough Long/Short Equity ETF Trading Up 0.6%

The company has a 50 day moving average price of $26.62 and a 200 day moving average price of $26.81. The company has a market capitalization of $44.11 million, a price-to-earnings ratio of 24.80 and a beta of 0.55.

Institutional Investors Weigh In On Clough Long/Short Equity ETF

A number of institutional investors have recently made changes to their positions in CBLS. HighTower Advisors LLC acquired a new stake in shares of Clough Long/Short Equity ETF during the first quarter worth $10,311,000. Ethos Financial Group LLC acquired a new stake in shares of Clough Long/Short Equity ETF during the first quarter worth $420,000. Royal Bank of Canada grew its stake in shares of Clough Long/Short Equity ETF by 74.1% during the first quarter. Royal Bank of Canada now owns 10,547 shares of the company’s stock worth $276,000 after purchasing an additional 4,488 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in shares of Clough Long/Short Equity ETF by 3.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 144,867 shares of the company’s stock worth $3,787,000 after purchasing an additional 4,434 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Clough Long/Short Equity ETF by 0.4% during the first quarter. Raymond James Financial Inc. now owns 120,523 shares of the company’s stock worth $3,150,000 after purchasing an additional 523 shares during the period.

About Clough Long/Short Equity ETF

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.