Short Interest in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Decreases By 38.5%

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,400 shares, a decline of 38.5% from the December 31st total of 3,900 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Cabana Target Leading Sector Moderate ETF

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter valued at $92,000. Avaii Wealth Management LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter valued at $338,000. Triad Wealth Partners LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter valued at $612,000. Finally, Jane Street Group LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter valued at $667,000.

Cabana Target Leading Sector Moderate ETF Price Performance

Cabana Target Leading Sector Moderate ETF stock traded down $0.24 during mid-day trading on Friday, reaching $20.76. 10,576 shares of the company traded hands, compared to its average volume of 17,164. Cabana Target Leading Sector Moderate ETF has a 52-week low of $19.57 and a 52-week high of $22.00. The firm has a market capitalization of $137.22 million, a price-to-earnings ratio of 19.49 and a beta of 0.50. The firm’s 50 day moving average price is $21.03 and its 200 day moving average price is $21.12.

Cabana Target Leading Sector Moderate ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a dividend of $0.4331 per share. The ex-dividend date was Monday, December 30th.

About Cabana Target Leading Sector Moderate ETF

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.