Clough Hedged Equity ETF (NYSEARCA:CBLS) Trading 1.6% Higher – What’s Next?

Clough Hedged Equity ETF (NYSEARCA:CBLS)’s stock price traded up 1.6% during mid-day trading on Wednesday . The company traded as high as $30.08 and last traded at $30.07. 3,711 shares traded hands during trading, an increase of 30% from the average session volume of 2,847 shares. The stock had previously closed at $29.60.

Clough Hedged Equity ETF Stock Performance

The stock has a 50-day simple moving average of $28.15 and a two-hundred day simple moving average of $28.36. The firm has a market cap of $46.91 million, a PE ratio of 28.48 and a beta of 0.55.

Clough Hedged Equity ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.247 dividend. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of Clough Hedged Equity ETF

A hedge fund recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada lifted its stake in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,547 shares of the company’s stock after purchasing an additional 4,488 shares during the quarter. Royal Bank of Canada owned about 0.68% of Clough Hedged Equity ETF worth $276,000 at the end of the most recent reporting period.

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. CBLS was launched on Nov 13, 2020 and is managed by Changebridge Capital.