Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Sees Large Growth in Short Interest

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,495 shares, a growth of 585.8% from the June 15th total of 218 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,659 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Cabana Target Leading Sector Moderate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its stake in Cabana Target Leading Sector Moderate ETF by 152.4% in the 4th quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock valued at $14,787,000 after buying an additional 384,226 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cabana Target Leading Sector Moderate ETF by 117,997.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock valued at $6,367,000 after acquiring an additional 273,754 shares in the last quarter. Signal Advisors Wealth LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF in the first quarter valued at approximately $1,752,000. Aegis Wealth Management Inc. purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at approximately $727,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Cabana Target Leading Sector Moderate ETF during the third quarter valued at approximately $530,000.

Cabana Target Leading Sector Moderate ETF Price Performance

Shares of NASDAQ:CLSM traded up $0.13 during mid-day trading on Friday, hitting $27.32. The company had a trading volume of 2,818 shares, compared to its average volume of 15,966. Cabana Target Leading Sector Moderate ETF has a one year low of $21.56 and a one year high of $28.10. The firm has a fifty day moving average price of $27.15 and a 200 day moving average price of $25.02. The company has a market capitalization of $93.71 million, a PE ratio of 20.00 and a beta of 0.57.

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. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.