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

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 7,500 shares, a growth of 105.7% from the November 30th total of 3,646 shares. Based on an average trading volume of 4,336 shares, the short-interest ratio is presently 1.7 days. Approximately 0.9% of the company’s stock are sold short. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 4,336 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 the company in its most recent disclosure with the SEC. The firm owned 204,324 shares of the company’s stock after purchasing an additional 12,624 shares during the quarter. JPMorgan Chase & Co. owned about 27.61% of Clough Select Equity ETF worth $7,508,000 at the end of the most recent quarter.

Clough Select Equity ETF Stock Performance

Shares of NYSEARCA CBSE traded down $0.32 during mid-day trading on Monday, hitting $39.85. 324 shares of the stock traded hands, compared to its average volume of 5,768. The stock has a fifty day moving average price of $39.87 and a 200-day moving average price of $39.18. The company has a market cap of $33.48 million, a price-to-earnings ratio of 27.87 and a beta of 1.16. Clough Select Equity ETF has a 52 week low of $25.79 and a 52 week high of $43.47.

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.