Clough Long/Short Equity ETF (NYSEARCA:CBLS) Trading Down 0.1% – Time to Sell?

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

Clough Long/Short Equity ETF Stock Performance

The stock has a market cap of $14.37 million, a P/E ratio of 16.70 and a beta of 0.57. The company’s fifty day moving average price is $26.83 and its 200-day moving average price is $25.93.

Institutional Investors 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 raised its holdings in shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) by 16.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 142,725 shares of the company’s stock after purchasing an additional 20,027 shares during the period. Jaffetilchin Investment Partners LLC owned 28.55% of Clough Long/Short Equity ETF worth $3,608,000 at the end of the most recent reporting period.

About Clough Long/Short 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.