Clough Long/Short Equity ETF (NYSEARCA:CBLS) Shares Down 0.1% – What’s Next?

Clough Long/Short Equity ETF (NYSEARCA:CBLS)’s share price fell 0.1% on Monday . The company traded as low as $28.06 and last traded at $28.10. 3,573 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 5,352 shares. The stock had previously closed at $28.12.

Clough Long/Short Equity ETF Stock Performance

The business’s fifty day moving average price is $26.80 and its two-hundred day moving average price is $25.91. The stock has a market capitalization of $14.05 million, a P/E ratio of 16.70 and a beta of 0.57.

Hedge Funds Weigh In On Clough Long/Short Equity ETF

A hedge fund recently raised its stake in Clough Long/Short Equity ETF stock. Jaffetilchin Investment Partners LLC boosted its position in shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,725 shares of the company’s stock after purchasing an additional 20,027 shares during the period. Jaffetilchin Investment Partners LLC owned about 28.55% of Clough Long/Short Equity ETF worth $3,608,000 as of its most recent SEC filing.

Clough Long/Short Equity ETF Company Profile

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.