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

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a large 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 Trading Up 1.5 %

Shares of NASDAQ:CLSM traded up $0.32 during mid-day trading on Thursday, reaching $21.10. The company had a trading volume of 27,794 shares, compared to its average volume of 67,843. Cabana Target Leading Sector Moderate ETF has a one year low of $19.49 and a one year high of $21.43. The company’s 50-day moving average price is $20.78 and its 200-day moving average price is $20.36. The firm has a market cap of $174.29 million, a price-to-earnings ratio of 19.49 and a beta of 0.50.

Institutional Trading of Cabana Target Leading Sector Moderate ETF

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Cabana Target Leading Sector Moderate ETF by 144.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,861 shares of the company’s stock worth $38,000 after acquiring an additional 1,101 shares during the period. Foundations Investment Advisors LLC lifted its holdings in Cabana Target Leading Sector Moderate ETF by 81.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,533,396 shares of the company’s stock valued at $151,993,000 after purchasing an additional 3,386,799 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in Cabana Target Leading Sector Moderate ETF during the first quarter worth about $2,284,000. Finally, Selective Wealth Management Inc. purchased a new position in shares of Cabana Target Leading Sector Moderate ETF in the first quarter worth about $362,000.

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.