Clough Long/Short Equity ETF (NYSEARCA:CBLS) Trading Down 0% – What’s Next?

Clough Long/Short Equity ETF (NYSEARCA:CBLS) dropped 0% on Tuesday . The stock traded as low as $28.34 and last traded at $28.36. Approximately 970 shares were traded during trading, a decline of 85% from the average daily volume of 6,284 shares. The stock had previously closed at $28.37.

Clough Long/Short Equity ETF Stock Performance

The company has a market cap of $42.82 million, a price-to-earnings ratio of 25.59 and a beta of 0.56. The company has a fifty day moving average of $27.43 and a two-hundred day moving average of $26.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of Clough Long/Short Equity ETF by 74.1% in the 1st quarter. Royal Bank of Canada now owns 10,547 shares of the company’s stock worth $276,000 after acquiring an additional 4,488 shares in the last quarter. Ethos Financial Group LLC purchased a new position in Clough Long/Short Equity ETF in the first quarter valued at approximately $420,000. Raymond James Financial Inc. lifted its position 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 acquiring an additional 523 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Clough Long/Short Equity ETF in the first quarter worth $10,311,000. Finally, 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 valued at $3,787,000 after buying an additional 4,434 shares during the last quarter.

Clough Long/Short 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.