CEFS Short Volume
Saba Opportunistic Hedged Closed-End Funds ETF (CEFS) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $438.9M, listed on CBOE, carrying a beta of 0.84 to the broader market. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). Led by Edmund F. Murphy, public since 2017-03-21.
Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.
- Latest Date
- 2026-08-28
- Short Volume
- 27.2K
- Total Volume
- 53.0K
- Short %
- 51.34%
- 30-Day Avg Short %
- 60.16%
Showing 30 days of FINRA short volume data for Saba Opportunistic Hedged Closed-End Funds ETF.
Learn how short volume is reported and how to read the data →
Frequently asked CEFS short volume questions
- What is the daily CEFS short volume?
- As of Aug 28, 2026, Saba Opportunistic Hedged Closed-End Funds ETF (CEFS) short volume is 27.2K shares against 53.0K total reported volume, or 51.34% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
- How is CEFS short volume reported?
- FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
- What does CEFS short volume tell options traders?
- Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.