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

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,200 shares, an increase of 33.3% from the July 15th total of 2,400 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is presently 0.1 days.

Cabana Target Leading Sector Moderate ETF Stock Up 1.5 %

Shares of NASDAQ:CLSM traded up $0.32 during trading on Thursday, reaching $21.10. The stock had a trading volume of 27,794 shares, compared to its average volume of 67,843. The stock has a fifty day simple moving average of $20.78 and a two-hundred day simple moving average of $20.36. The firm has a market capitalization of $174.29 million, a price-to-earnings ratio of 19.49 and a beta of 0.50. Cabana Target Leading Sector Moderate ETF has a 52 week low of $19.49 and a 52 week high of $21.43.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLSM. Tower Research Capital LLC TRC boosted its holdings in Cabana Target Leading Sector Moderate ETF by 144.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,861 shares of the company’s stock valued at $38,000 after acquiring an additional 1,101 shares during the period. Selective Wealth Management Inc. bought a new stake in Cabana Target Leading Sector Moderate ETF during the 1st quarter valued at approximately $362,000. Signal Advisors Wealth LLC bought a new stake in Cabana Target Leading Sector Moderate ETF during the 1st quarter valued at approximately $2,284,000. Finally, Foundations Investment Advisors LLC grew its holdings in Cabana Target Leading Sector Moderate ETF by 81.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,533,396 shares of the company’s stock valued at $151,993,000 after buying an additional 3,386,799 shares during the last quarter.

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.