Clough Select Equity ETF (NYSEARCA:CBSE) Sees Significant Drop in Short Interest

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 7,014 shares, a drop of 36.9% from the April 15th total of 11,120 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,816 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Clough Select Equity ETF

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. boosted its holdings in Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,324 shares of the company’s stock after acquiring an additional 12,624 shares during the period. JPMorgan Chase & Co. owned 27.61% of Clough Select Equity ETF worth $7,508,000 at the end of the most recent reporting period.

Clough Select Equity ETF Stock Performance

Shares of NYSEARCA:CBSE traded down $0.95 during midday trading on Monday, hitting $48.21. The company’s stock had a trading volume of 4,678 shares, compared to its average volume of 4,206. The business’s 50 day simple moving average is $43.63 and its 200 day simple moving average is $41.98. The company has a market cap of $49.66 million, a P/E ratio of 27.87 and a beta of 1.19. Clough Select Equity ETF has a 12-month low of $32.61 and a 12-month high of $50.28.

About Clough Select Equity ETF

The Changebridge Capital Sustainable Equity ETF (CBSE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, concentrated portfolio of US-listed stocks that appear fundamentally undervalued and have positive environmental, social and governance attributes as viewed by the fund adviser. CBSE was launched on Nov 13, 2020 and is managed by Changebridge Capital.