Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Trading 0.7% Higher – Still a Buy?

Shares of Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) were up 0.7% on Tuesday . The company traded as high as $23.96 and last traded at $23.96. Approximately 1,705 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 3,249 shares. The stock had previously closed at $23.80.

Clockwise Core Equity & Innovation ETF Trading Up 0.7%

The stock has a 50 day simple moving average of $24.50 and a 200-day simple moving average of $24.56. The firm has a market capitalization of $22.28 million, a P/E ratio of -798.67 and a beta of 1.02.

Hedge Funds 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 position in shares of Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned about 0.91% of Clockwise Core Equity & Innovation ETF at the end of the most recent reporting period. 89.28% of the stock is currently owned by institutional investors and hedge funds.

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.