Clough Long/Short Equity ETF (NYSEARCA:CBLS) Trading 1% Higher – Time to Buy?

Shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) rose 1% on Tuesday . The stock traded as high as $25.48 and last traded at $25.48. Approximately 353 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 7,960 shares. The stock had previously closed at $25.23.

Clough Long/Short Equity ETF Stock Up 0.7 %

The stock has a 50 day moving average price of $25.25 and a two-hundred day moving average price of $25.24. The firm has a market cap of $13.08 million, a PE ratio of 16.70 and a beta of 0.57.

Hedge Funds 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 increased its position in shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) by 16.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,725 shares of the company’s stock after purchasing an additional 20,027 shares during the quarter. Jaffetilchin Investment Partners LLC owned 28.55% of Clough Long/Short Equity ETF worth $3,608,000 as of its most recent filing with the SEC.

Clough Long/Short 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.