Clough Select Equity ETF (NYSEARCA:CBSE) Sees Large Increase in Short Interest

Clough Select Equity ETF (NYSEARCA:CBSE) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 8,081 shares, an increase of 98.1% from the May 14th total of 4,079 shares. Based on an average daily trading volume, of 6,184 shares, the short-interest ratio is currently 1.3 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Trading of Clough Select Equity ETF

An institutional investor recently raised its position in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its stake in Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,553 shares of the company’s stock after acquiring an additional 6,316 shares during the period. JPMorgan Chase & Co. owned approximately 20.47% of Clough Select Equity ETF worth $7,830,000 as of its most recent SEC filing.

Clough Select Equity ETF Price Performance

Shares of NYSEARCA CBSE traded down $1.22 during midday trading on Tuesday, reaching $49.61. 7,813 shares of the stock traded hands, compared to its average volume of 4,516. The stock has a market capitalization of $51.10 million, a PE ratio of 27.87 and a beta of 1.19. Clough Select Equity ETF has a one year low of $33.50 and a one year high of $52.82. The company’s 50 day moving average is $47.40 and its 200 day moving average is $43.55.

Clough Select Equity ETF Company Profile

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.