Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Declines By 41.8%

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 4,079 shares, a drop of 41.8% from the April 30th total of 7,014 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 3,756 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Clough Select Equity ETF

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its stake in Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,324 shares of the company’s stock after purchasing an additional 12,624 shares during the quarter. JPMorgan Chase & Co. owned approximately 27.61% of Clough Select Equity ETF worth $7,508,000 as of its most recent filing with the Securities and Exchange Commission.

Clough Select Equity ETF Trading Up 0.8%

Shares of CBSE opened at $50.66 on Tuesday. The business’s 50-day moving average price is $45.48 and its 200 day moving average price is $42.72. The stock has a market capitalization of $52.18 million, a P/E ratio of 27.87 and a beta of 1.19. Clough Select Equity ETF has a 1-year low of $33.50 and a 1-year high of $50.95.

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.