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

Clough Long/Short Equity ETF (NYSEARCA:CBLS)’s share price traded down 1% during trading on Friday . The stock traded as low as $26.23 and last traded at $26.31. 2,419 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 7,971 shares. The stock had previously closed at $26.58.

Clough Long/Short Equity ETF Trading Down 1.0 %

The company’s fifty day simple moving average is $26.30 and its 200-day simple moving average is $25.74. The stock has a market cap of $13.16 million, a P/E ratio of 16.70 and a beta of 0.57.

Institutional Investors Weigh In On Clough Long/Short Equity ETF

An institutional investor recently raised its position in Clough Long/Short Equity ETF stock. Jaffetilchin Investment Partners LLC raised its holdings in Clough Long/Short Equity ETF (NYSEARCA:CBLS) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing 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 approximately 28.55% of Clough Long/Short Equity ETF worth $3,608,000 as of its most recent SEC filing.

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.