CLIX Stock Summary and Trading Ideas (ProShares Long Online/Short Stores ETF | ARCA:CLIX)

E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. As popular as they may seem now, online retailers like Amazon and Alibaba only account for about 10% of global retail sales, leaving tremendous room for growth. Physical retailers are under immense pressure. Sales have been declining and profit margins are approaching lows not seen since the recession. Over 30 major retailers have declared bankruptcy in the past three years, and longstanding names like J.C. Penney and Macys are struggling to remain viable. CLIX combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on physical stores. Investors have the opportunity to benefit from both outperforming online and underperforming physical retailers. The long/short structure also reduces equity market exposure and potentially results in less volatility than long-only equity strategies.

ProShares Long Online/Short Stores ETF trades on the ARCA stock market under the symbol CLIX.

As of April 25, 2024, CLIX stock price declined to $41.05 with 544 million shares trading.

CLIX has a market cap of $9.65 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CLIX stock traded as high as $88.44 and as low as $27.71.

CLIX has outperformed the market in the last year with a price return of +35.0% while the SPY ETF gained +23.6%. CLIX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.2% and -1.7%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

CLIX support price is $40.87 and resistance is $41.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLIX stock will trade within this expected range on the day.