CBLS Profile
The
Changebridge Capital Long/Short Equity ETF (CBLS) is an actively
managed ETF that aims to provide long-term capital appreciation by
investing in long and short positions in equity securities of
companies with a market capitalization of $1 billion or more. The ETF
is managed by Changebridge Capital, LLC, a New Jersey-based investment
advisory firm.
The fund's strategy is based on the belief that
there are inefficiencies in the stock market that can be exploited by
taking long and short positions in equity securities. The fund uses a
quantitative and qualitative approach to identify undervalued and
overvalued companies, and seeks to capture the potential returns from
these opportunities by holding long and short positions.
CBLS
typically holds a portfolio of 40-60 long and short positions, with
long positions representing 50-80% of the portfolio and short
positions representing 20-50% of the portfolio. The fund may also hold
cash and cash equivalents to manage risk and enhance returns.
As of September 2021, CBLS had total net assets of approximately $47
million and an expense ratio of 0.95%. The fund is listed on the NYSE
Arca exchange.
Investing in CBLS carries certain risks,
including market risk, short-selling risk, and leverage risk. As an
actively managed fund, CBLS may also underperform its benchmark or
other funds with similar investment strategies. Investors should
carefully consider their investment objectives, risk tolerance, and
financial situation before investing in CBLS or any
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