Clough Long/Short Equity ETF (NYSEARCA:CBLS) Stock Price Down 0.1% – Time to Sell?

Shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) dropped 0.1% on Monday . The company traded as low as $28.06 and last traded at $28.10. Approximately 3,573 shares were traded during trading, a decline of 33% from the average daily volume of 5,352 shares. The stock had previously closed at $28.12.

Clough Long/Short Equity ETF Stock Performance

The company has a market cap of $14.05 million, a P/E ratio of 16.70 and a beta of 0.57. The firm’s fifty day moving average is $26.80 and its two-hundred day moving average is $25.91.

Institutional Trading of 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 position in shares of Clough Long/Short Equity ETF (NYSEARCA:CBLS) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,725 shares of the company’s stock after acquiring an additional 20,027 shares during the period. Jaffetilchin Investment Partners LLC owned approximately 28.55% of Clough Long/Short Equity ETF worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission (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.