Clough Long/Short Equity ETF

Price: $25.71
Change: $0.11 (-0.0%)
Category: Long-Short
Last Updated:


Brand Clough
Structure ETF
Expense Ratio 2.59%
ETF Home Page Home page
Inception Nov 13, 2020
Index Tracked ACTIVE - No Index

Analyst Report

The Changebridge Capital Long/Short Equity ETF (CBLS) features a concentrated portfolio of long and short positions, aiming for each position in the portfolio generating risk-adjusted alpha. By taking long positions in companies the managers believe will rise in price while taking short positions in companies whose stock the managers believe will fall in value, the strategy seeks to achieve long-term capital appreciation while minimizing volatility. CBLS has a small and mid-cap focus and integrates an ESG mindset into the investment process.

ETF Database Themes

Category Long-Short
Asset Class Alternatives
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Alternatives: Hedge Fund Strategies
Category Hedge Fund Strategies
Focus Multi-strategy
Niche Multi-strategy
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $18.57
  • 52 Week Hi $25.82
  • AUM $23.2 M
  • Shares 0.9 M

Historical Trading Data

  • 1 Month Avg. Volume 25,374
  • 3 Month Avg. Volume 11,989


The Changebridge Capital Long/Short Equity ETF seeks long-term capital appreciation while minimizing volatility. The fund also strives to generate positive alpha via both the long and short portfolios over the course of an entire investment cycle. The Fund has the potential to enhance an investor’s return profile while reducing risk.

Alternative ETFs in the ETF Database Long-Short Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest DSCF 0.39% $41.6 M 4,787 1.30%
Largest (AUM) XYLD 0.60% $2.9 B 400,044 5.69%
Most Liquid (Volume) XYLD 0.60% $2.9 B 400,044 5.69%
Top YTD Performer CLSE 1.55% $93.3 M 48,511 23.07%

Alternative ETFs in the FactSet Alternatives: Hedge Fund Strategies Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TYA 0.17% $42.9 M 28,019 -8.38%
Largest (AUM) FTLS 1.46% $1.3 B 142,900 9.27%
Most Liquid (Volume) DBMF 0.85% $1.0 B 331,422 16.47%
Top YTD Performer CLSE 1.55% $93.3 M 48,511 23.07%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

CBLS ETF Database Category Average FactSet Segment Average
Number of Holdings 49 217 102
% of Assets in Top 10 53.54% 73.31% 95.33%
% of Assets in Top 15 65.00% 80.71% 86.15%
% of Assets in Top 50 100.03% 97.57% 100.00%

Size Comparison

CBLS ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 18.07% 2.06%
Mid (>2.7B) N/A 1.64% 0.23%
Small (>600M) N/A 1.05% 0.16%
Micro (<600M) N/A 0.06% 0.03%

CBLS Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

CBLS Dividend

This section compares the dividend yield of this ETF to its peers.

CBLS ETF Database Category Average FactSet Segment Average
Dividend $ 0.09 $ 0.52 $ 0.46
Dividend Date 2023-12-21 N/A N/A
Annual Dividend Rate $ 0.09 $ 0.85 $ 0.74
Annual Dividend Yield 0.35% 2.74% 2.80%

CBLS Price and Volume Charts

View charts featuring CBLS price and volume data.

CBLS Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 10.12 M 1 Month Net Flows: 10.6 M 3 Month Net Flows: 12.64 M 6 Month Net Flows: 12.84 M 1 Year Net Flows: 14.93 M 3 Year Net Flows: 14.51 M 5 Year Net Flows: 21.33 M 10 Year Net Flows: 21.33 M

CBLS Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 10.6 M
1 Month Net AUM Change: 12.01 M
3 Month Net AUM Change: 14.44 M
6 Month Net AUM Change: 15.48 M
1 Year Net AUM Change: 17.32 M
3 Year Net AUM Change: 15.44 M
5 Year Net AUM Change: 22.71 M
10 Year Net AUM Change: 22.71 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for CBLS on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Long-Short with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a BTAL
Expenses C DSCF

A+ Overall Rated ETF:

CBLS Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

CBLS does not have an ESG score. There are no ESG themes that map to this ETF.

CBLS Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

CBLS ETF Database
Category Average
Factset Segment
1 Month Return 13.87% 3.12% 1.94%
3 Month Return 19.46% 5.64% 3.50%
YTD Return 25.39% 8.25% 5.21%
1 Year Return 24.49% 14.41% 5.77%
3 Year Return 0.01% 2.53% 1.44%
5 Year Return N/A 2.48% 1.04%

Geographic Exposure

The following charts reflect the geographic spread of CBLS's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of CBLS's underlying holdings.

CBLS Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 21.41%
20 Day Volatility 12.29%
50 Day Volatility 11.88%
200 Day Volatility 11.09%
Beta 0.52
Standard Deviation 1.67%
5 Day Volatility
14 of 19

20 Day Volatility
4 of 19

50 Day Volatility
5 of 19

200 Day Volatility
9 of 19

8 of 19

Standard Deviation
6 of 19


  • 20 Day MA $24.21
  • 60 Day MA $23.22
  • MACD 15 Period 1.11
  • MACD 100 Period 3.39
  • Williams % Range 10 Day 6.06
  • Williams % Range 20 Day 3.64
  • RSI 10 Day 82
  • RSI 20 Day 78
  • RSI 30 Day 75
  • Ultimate Oscillator 80

Bollinger Bands

  • Lower Bollinger (10 Day) $24.02
  • Upper Bollinger (10 Day) $26.11
  • Lower Bollinger (20 Day) $22.21
  • Upper Bollinger (20 Day) $26.17
  • Lower Bollinger (30 Day) $21.68
  • Upper Bollinger (30 Day) $25.81

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $25.57
  • Resistance Level 1 n/a
  • Resistance Level 2 $25.83


  • Stochastic Oscillator %D (1 Day) 72.14
  • Stochastic Oscillator %D (5 Day) 92.21
  • Stochastic Oscillator %K (1 Day) 70.87
  • Stochastic Oscillator %K (5 Day) 93.32


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) -0.01
  • Maximum Premium Discount (%) 0.38
  • Average Spread (%) 5.83
  • Average Spread ($) 5.83

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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