Clough Hedged Equity ETF (NYSEARCA:CBLS) Trading Up 0% – Should You Buy?

Clough Hedged Equity ETF (NYSEARCA:CBLS) shares were up 0% on Friday . The stock traded as high as $29.07 and last traded at $28.95. Approximately 1,276 shares changed hands during trading, a decline of 76% from the average daily volume of 5,259 shares. The stock had previously closed at $28.94.

Clough Hedged Equity ETF Stock Performance

The firm has a market capitalization of $44.29 million, a P/E ratio of 28.48 and a beta of 0.52. The firm has a 50 day moving average price of $28.37 and a two-hundred day moving average price of $27.31.

Institutional Trading of Clough Hedged Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Jaffetilchin Investment Partners LLC boosted its position in shares of Clough Hedged Equity ETF by 3.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 144,867 shares of the company’s stock worth $3,787,000 after buying an additional 4,434 shares during the period. Royal Bank of Canada raised its holdings in shares of Clough Hedged 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 acquiring an additional 4,488 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Clough Hedged 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 Hedged Equity ETF during the first quarter worth $10,311,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of Clough Hedged Equity ETF during the first quarter worth $420,000.

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.