Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Stock Price Down 2.6% – Here’s Why

Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) dropped 2.6% during trading on Friday . The company traded as low as $24.71 and last traded at $24.72. Approximately 749 shares changed hands during trading, a decline of 56% from the average daily volume of 1,702 shares. The stock had previously closed at $25.38.

Clockwise Core Equity & Innovation ETF Price Performance

The stock’s 50-day simple moving average is $24.94 and its two-hundred day simple moving average is $24.90. The firm has a market capitalization of $22.99 million, a P/E ratio of -824.00 and a beta of 1.02.

Institutional Investors Weigh In On Clockwise Core Equity & Innovation ETF

A hedge fund recently bought a new stake in Clockwise Core Equity & Innovation ETF stock. Betterment LLC purchased a new stake in shares of Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned 0.91% of Clockwise Core Equity & Innovation ETF as of its most recent SEC filing. 89.28% of the stock is owned by institutional investors.

About Clockwise Core Equity & Innovation ETF

The Clockwise Capital Innovation ETF (TIME) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services. TIME was launched on Jan 27, 2022 and is managed by Clockwise Capital.