Clough Hedged Equity ETF (NYSEARCA:CBLS) Short Interest Update

Clough Hedged Equity ETF (NYSEARCA:CBLS) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 37,121 shares, an increase of 352.7% from the March 31st total of 8,200 shares. Based on an average daily trading volume, of 3,722 shares, the days-to-cover ratio is presently 10.0 days. Approximately 2.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Hedged Equity ETF stock. Royal Bank of Canada lifted its position in Clough Hedged Equity ETF (NYSEARCA:CBLS) by 74.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Clough Hedged Equity ETF Stock Performance

Clough Hedged Equity ETF stock opened at $31.88 on Monday. Clough Hedged Equity ETF has a one year low of $26.53 and a one year high of $31.92. The stock has a market cap of $53.88 million, a PE ratio of 28.48 and a beta of 0.54. The stock has a 50-day moving average of $29.93 and a two-hundred day moving average of $29.07.

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.