Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Large Increase in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,216 shares, an increase of 1,141.7% from the December 15th total of 259 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 17,934 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 17,934 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Cabana Target Leading Sector Moderate ETF Trading Up 0.4%

CLSM traded up $0.10 during trading on Monday, reaching $23.82. 9,380 shares of the company’s stock were exchanged, compared to its average volume of 10,383. The firm has a fifty day moving average price of $23.39 and a two-hundred day moving average price of $22.80. The stock has a market capitalization of $107.43 million, a PE ratio of 20.00 and a beta of 0.50. Cabana Target Leading Sector Moderate ETF has a one year low of $18.24 and a one year high of $23.89.

Cabana Target Leading Sector Moderate ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $0.2088 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 89.0%.

Institutional Trading of Cabana Target Leading Sector Moderate ETF

A number of large investors have recently bought and sold shares of CLSM. Corient Private Wealth LLC acquired a new position in Cabana Target Leading Sector Moderate ETF in the second quarter valued at approximately $4,104,000. Signal Advisors Wealth LLC boosted its stake in Cabana Target Leading Sector Moderate ETF by 2.9% during the second quarter. Signal Advisors Wealth LLC now owns 17,892 shares of the company’s stock worth $387,000 after acquiring an additional 512 shares in the last quarter. Harbour Investments Inc. grew its holdings in Cabana Target Leading Sector Moderate ETF by 66.3% in the second quarter. Harbour Investments Inc. now owns 2,102 shares of the company’s stock worth $45,000 after purchasing an additional 838 shares during the period. Avaii Wealth Management LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF during the second quarter valued at about $365,000. Finally, Citadel Advisors LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter worth about $530,000.

Cabana Target Leading Sector Moderate ETF Company Profile

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. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.