Clough Long/Short Equity ETF (NYSEARCA:CBLS) Shares Up 1% – Still a Buy?

Clough Long/Short Equity ETF (NYSEARCA:CBLS) shares shot up 1% during mid-day trading on Tuesday . The company traded as high as $25.48 and last traded at $25.48. 353 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 7,960 shares. The stock had previously closed at $25.23.

Clough Long/Short Equity ETF Stock Up 0.7 %

The business’s fifty day simple moving average is $25.25 and its two-hundred day simple moving average is $25.24. The company has a market cap of $13.08 million, a price-to-earnings ratio of 16.70 and a beta of 0.57.

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

Clough Long/Short Equity ETF Company Profile

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.