Clough Hedged Equity ETF (NYSEARCA:CBLS) Stock Price Up 0.1% – Here’s Why

Clough Hedged Equity ETF (NYSEARCA:CBLS)’s share price rose 0.1% on Monday . The stock traded as high as $28.53 and last traded at $28.46. Approximately 308 shares changed hands during trading, a decline of 95% from the average daily volume of 5,911 shares. The stock had previously closed at $28.43.

Clough Hedged Equity ETF Trading Up 0.1%

The firm’s 50 day moving average is $28.42 and its two-hundred day moving average is $27.75. The firm has a market cap of $44.40 million, a P/E ratio of 28.48 and a beta of 0.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ethos Financial Group LLC bought a new position in Clough Hedged Equity ETF during the 1st quarter worth approximately $420,000. Jaffetilchin Investment Partners LLC lifted its stake in 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 valued at $3,787,000 after buying an additional 4,434 shares in the last quarter. HighTower Advisors LLC bought a new position in Clough Hedged Equity ETF in the first quarter valued at approximately $10,311,000. Raymond James Financial Inc. lifted its stake in Clough Hedged Equity ETF by 0.4% in the first quarter. Raymond James Financial Inc. now owns 120,523 shares of the company’s stock valued at $3,150,000 after buying an additional 523 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Clough Hedged Equity ETF by 74.1% in the first quarter. Royal Bank of Canada now owns 10,547 shares of the company’s stock valued at $276,000 after buying an additional 4,488 shares in the last quarter.

About Clough Hedged 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.