Clough Long/Short Equity ETF (NYSEARCA:CBLS) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.87 and traded as high as $26.81. Clough Long/Short Equity ETF shares last traded at $26.81, with a volume of 1,035 shares.

Clough Long/Short Equity ETF Stock Performance

The firm has a market capitalization of $13.41 million, a PE ratio of 16.70 and a beta of 0.57. The company’s fifty day moving average price is $25.87 and its two-hundred day moving average price is $25.62.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Long/Short Equity ETF stock. Jaffetilchin Investment Partners LLC increased its holdings in shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) by 16.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

About Clough Long/Short Equity ETF

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.