Clough Hedged Equity ETF
CBLS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 53 State Street, 27th Floor Boston MA United States of America 2109
- IPO Date
- Nov 13, 2020
- CIK
- 0001683471
- Website
- changebridgefunds.com
- Similar Companies
- Business
- Clough Hedged Equity ETF (CBLS) is an actively managed exchange-traded fund that seeks long-term capital appreciation while minimizing volatility through a long/short equity strategy focused on generating positive alpha from both long and short positions over a full investment cycle. The fund employs a concentrated portfolio, typically holding around 41 securities with approximately 65% of assets in its top 10 holdings, primarily targeting small- and mid-cap equities across diversified sectors; it integrates rigorous bottom-up fundamental research, proprietary insights into global investment themes, and comprehensive risk management to identify companies positioned to benefit from or vulnerable to key trends, with long positions in undervalued stocks expected to rise and short positions in those anticipated to decline. CBLS trades on the NYSE Arca exchange and benchmarks against the Bloomberg World All-Cap Equal Weight/UST 0-1 Yr 50/50 Index. Originally launched in November 2020 by Changebridge Capital LLC as the Changebridge Capital Long/Short Equity ETF, CBLS and its sister fund underwent a significant transition when their advisory responsibilities transferred to Clough Capital Partners L.P. in 2023 following the rejoining of Portfolio Manager Vincent M. Lorusso, Jr., who co-founded Changebridge in 2020 after prior tenure at Clough from 2004-2020. In November 2025, Clough Capital marked the five-year anniversary of the ETFs, highlighting CBLS's strong 2024 performance where it ranked #1 in its Morningstar Hedged Equity Category out of 165 funds with a 28.45% return, alongside growth in firm assets under management to $1.4 billion and combined ETF AUM of $75.3 million as of October 31, 2025. The fund continues to emphasize high-conviction, research-driven active management amid expanding active ETF market dynamics, with no reported recent acquisitions, partnerships, or new product launches beyond ongoing portfolio optimizations. Clough Capital Partners L.P., founded in 1999 and headquartered in Boston, Massachusetts, serves as the investment adviser, bringing over 25 years of expertise in designing risk-adjusted portfolios across public markets including ETFs, separately managed accounts, and alternatives; CBLS targets sophisticated investors seeking equity exposure with downside protection, operating primarily in U.S.-listed global equities without specified geographic sales restrictions beyond exchange trading. Portfolio management is led by Vincent M. Lorusso, Jr., President, CEO, Partner, and Portfolio Manager, supported by Clough's global research team. The strategy maintains a small- and mid-cap tilt with ESG considerations in its process, distributing dividends annually and incurring a 1.90% management fee.