Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Increases By 106.0%

Clough Select Equity ETF (NYSEARCA:CBSE) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,039 shares, a growth of 106.0% from the July 30th total of 2,931 shares. Based on an average daily volume of 17,980 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Clough Select Equity ETF

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

Clough Select Equity ETF Trading Down 2.3%

CBSE traded down $1.12 during trading on Friday, reaching $47.67. 933 shares of the company were exchanged, compared to its average volume of 6,117. Clough Select Equity ETF has a 52 week low of $36.94 and a 52 week high of $52.82. The firm has a 50 day moving average of $48.83 and a 200 day moving average of $46.44. The stock has a market cap of $53.39 million, a P/E ratio of 27.87 and a beta of 1.20.

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.