Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Rises By 265.4%

by · The Markets Daily

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 9,500 shares, an increase of 265.4% from the August 31st total of 2,600 shares. Based on an average daily trading volume, of 25,300 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Cabana Target Leading Sector Moderate ETF

A hedge fund recently bought a new stake in Cabana Target Leading Sector Moderate ETF stock. Signal Advisors Wealth LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 111,430 shares of the company’s stock, valued at approximately $2,284,000. Signal Advisors Wealth LLC owned about 1.17% of Cabana Target Leading Sector Moderate ETF as of its most recent filing with the Securities & Exchange Commission.

Cabana Target Leading Sector Moderate ETF Stock Up 0.4 %

Shares of Cabana Target Leading Sector Moderate ETF stock traded up $0.09 on Friday, reaching $21.22. The company’s stock had a trading volume of 18,872 shares, compared to its average volume of 61,344. The company has a market capitalization of $175.28 million, a price-to-earnings ratio of 19.49 and a beta of 0.50. The firm’s fifty day simple moving average is $20.90 and its two-hundred day simple moving average is $20.59. Cabana Target Leading Sector Moderate ETF has a 52 week low of $19.57 and a 52 week high of $21.43.

Cabana Target Leading Sector Moderate ETF Company Profile

(Get Free Report)

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile.

Further Reading