Clough Hedged Equity ETF (NYSEARCA:CBLS) Stock Price Down 0.2% – Here’s What Happened

Clough Hedged Equity ETF (NYSEARCA:CBLS) was down 0.2% during trading on Thursday . The company traded as low as $27.97 and last traded at $28.04. Approximately 259 shares changed hands during trading, a decline of 96% from the average daily volume of 5,939 shares. The stock had previously closed at $28.11.

Clough Hedged Equity ETF Stock Performance

The stock has a 50 day moving average of $28.23 and a two-hundred day moving average of $28.35. The firm has a market capitalization of $41.22 million, a P/E ratio of 28.48 and a beta of 0.55.

Institutional Trading of Clough Hedged Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Clough Hedged Equity ETF by 74.1% during the 1st quarter. Royal Bank of Canada now owns 10,547 shares of the company’s stock worth $276,000 after buying an additional 4,488 shares during the period. Ethos Financial Group LLC acquired a new position in Clough Hedged Equity ETF during the 1st quarter worth $420,000. Raymond James Financial Inc. boosted its holdings in 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 valued at $3,150,000 after acquiring an additional 523 shares during the period. Finally, HighTower Advisors LLC bought a new stake in Clough Hedged Equity ETF during the first quarter valued at about $10,311,000.

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.