Clough Hedged Equity ETF (NYSEARCA:CBLS) Stock Falls 1.9% – Time to Sell?

Shares of Clough Hedged Equity ETF (NYSEARCA:CBLS) were down 1.9% on Thursday. The company traded as low as $30.36 and last traded at $30.36. 548 shares were traded during trading, a decline of 85% from the average session volume of 3,558 shares. The stock had previously closed at $30.95.

Clough Hedged Equity ETF Price Performance

The stock has a market cap of $55.26 million, a price-to-earnings ratio of 28.48 and a beta of 0.59. The company’s fifty day simple moving average is $31.08 and its two-hundred day simple moving average is $31.60.

Hedge Funds Weigh In On Clough Hedged Equity ETF

A hedge fund recently bought a new position in Clough Hedged Equity ETF stock. Farther Finance Advisors LLC acquired a new stake in Clough Hedged Equity ETF (NYSEARCA:CBLS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,871 shares of the company’s stock, valued at approximately $152,000. Farther Finance Advisors LLC owned about 0.27% of Clough Hedged Equity ETF as of its most recent filing with the SEC.

Clough Hedged 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. CBLS was launched on Nov 13, 2020 and is managed by Changebridge Capital.