Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Sees Large Growth in Short Interest

Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 23,395 shares, an increase of 145.2% from the June 15th total of 9,540 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,014 shares, the days-to-cover ratio is presently 4.7 days.

Institutional Investors Weigh In On Clockwise Core Equity & Innovation ETF

An institutional investor recently bought a new stake in Clockwise Core Equity & Innovation ETF stock. Betterment LLC bought a new position in Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned 0.91% of Clockwise Core Equity & Innovation ETF as of its most recent filing with the SEC. 89.28% of the stock is currently owned by hedge funds and other institutional investors.

Clockwise Core Equity & Innovation ETF Price Performance

NYSEARCA TIME remained flat at $26.45 during trading hours on Tuesday. 250 shares of the company traded hands, compared to its average volume of 3,770. Clockwise Core Equity & Innovation ETF has a 12 month low of $22.31 and a 12 month high of $27.45. The firm has a market capitalization of $15.08 million, a price-to-earnings ratio of -881.67 and a beta of 1.22. The stock has a 50 day simple moving average of $26.68 and a two-hundred day simple moving average of $25.20.

Clockwise Core Equity & Innovation ETF Company Profile

The Clockwise Capital Innovation ETF (TIME) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services. TIME was launched on Jan 27, 2022 and is managed by Clockwise Capital.