Elevation Series Trust Clough Hedged Equity ETFElevation Series Trust Clough Hedged Equity ETFElevation Series Trust Clough Hedged Equity ETF

Elevation Series Trust Clough Hedged Equity ETF

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Key stats


Assets under management (AUM)
‪42.71 M‬USD
Fund flows (1Y)
‪11.69 M‬USD
Dividend yield (indicated)
0.68%
Discount/Premium to NAV
−0.04%
Shares outstanding
‪1.51 M‬
Expense ratio
1.90%

About Elevation Series Trust Clough Hedged Equity ETF


Issuer
Clough CGI LLC
Brand
Clough
Inception date
Nov 13, 2020
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Clough Capital Partners LP
Distributor
Foreside Fund Services LLC
CBLS has free rein within the US equity market to establish long and short positions based on the fund advisers 5-11 year outlook for the space. The objective is to provide capital appreciation while minimizing volatility as compared to the broader equity market. Long positions focus on sectors, industries, or specific companies, generally small and midcap stocks, the adviser believes are undervalued or overlooked. Stocks are analyzed for quantitative factors of quality, value, momentum, size and volatility. In addition, fundamental criteria such as: assessment of competitors, suppliers, customers, replacements and ESG attributes are also considered. Short positions are entered on stocks believed to have declining fundamentals such as earnings, revenue or weakening market position compared to competitors. Prior to March 13, 2023, the fund name was Clough Hedged Equity ETF. The fund traded under the name Clough Hedged Equity ETF. On March 04, 2024, CBLS underwent the name change.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Cash
Mutual fund
Stock breakdown by region
2%69%19%8%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to CBLS via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CBLS trades at 28.23 USD today, its price has fallen −0.46% in the past 24 hours. Track more dynamics on CBLS price chart.
CBLS net asset value is 28.23 today — it's risen 4.03% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CBLS assets under management is ‪42.71 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CBLS price has risen by 4.19% over the last month, and its yearly performance shows a 10.09% increase. See more dynamics on CBLS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.03% over the last month, showed a 8.07% increase in three-month performance and has increased by 10.67% in a year.
CBLS fund flows account for ‪11.97 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CBLS invests in stocks. See more details in our Analysis section.
CBLS expense ratio is 1.90%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CBLS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CBLS technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CBLS shows the strong buy signal. See more of CBLS technicals for a more comprehensive analysis.
Yes, CBLS pays dividends to its holders with the dividend yield of 0.68%.
CBLS trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CBLS shares are issued by Clough CGI LLC
CBLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 13, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.