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

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 6,800 shares, an increase of 38.8% from the February 13th total of 4,900 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Cabana Target Leading Sector Moderate ETF Stock Performance

Shares of Cabana Target Leading Sector Moderate ETF stock traded up $0.32 during trading on Monday, reaching $20.86. The company had a trading volume of 5,582 shares, compared to its average volume of 24,426. The company has a market cap of $137.23 million, a price-to-earnings ratio of 20.13 and a beta of 0.50. Cabana Target Leading Sector Moderate ETF has a fifty-two week low of $19.57 and a fifty-two week high of $22.00. The firm’s fifty day moving average is $20.68 and its 200-day moving average is $21.09.

Cabana Target Leading Sector Moderate ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a $0.4331 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Cabana Target Leading Sector Moderate ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter worth approximately $92,000. Avaii Wealth Management LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter valued at $338,000. Citadel Advisors LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF during the fourth quarter worth about $433,000. Jane Street Group LLC acquired a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 3rd quarter worth about $667,000. Finally, Susquehanna International Group LLP lifted its position in Cabana Target Leading Sector Moderate ETF by 13.9% in the 4th quarter. Susquehanna International Group LLP now owns 104,599 shares of the company’s stock valued at $2,126,000 after purchasing an additional 12,763 shares during the last quarter.

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.