Clough Long/Short Equity ETF (NYSEARCA:CBLS) Stock Price Up 1% – Time to Buy?

Clough Long/Short Equity ETF (NYSEARCA:CBLS) shares rose 1% during trading on Wednesday . The company traded as high as $26.80 and last traded at $26.80. Approximately 713 shares were traded during trading, a decline of 84% from the average daily volume of 4,483 shares. The stock had previously closed at $26.53.

Clough Long/Short Equity ETF Stock Up 1.0 %

The firm has a market cap of $44.22 million, a price-to-earnings ratio of 29.38 and a beta of 0.55. The business has a 50 day moving average of $27.28 and a 200 day moving average of $26.29.

Hedge Funds Weigh In On Clough Long/Short Equity ETF

An institutional investor recently raised its position in Clough Long/Short Equity ETF stock. Jaffetilchin Investment Partners LLC boosted its holdings in Clough Long/Short Equity ETF (NYSEARCA:CBLS) by 16.3% in the 3rd quarter, according to its most recent disclosure 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 quarter. Jaffetilchin Investment Partners LLC owned approximately 28.55% of Clough Long/Short Equity ETF worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission.

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.