Clough Select Equity ETF (NYSEARCA:CBSE) Short Interest Down 36.9% in April

Clough Select Equity ETF (NYSEARCA:CBSE) saw 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. Based on an average daily trading volume, of 2,816 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. boosted its stake in Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & 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 about 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 Down 0.6%

Shares of CBSE traded down $0.29 during midday trading on Tuesday, reaching $48.20. 5,568 shares of the stock were exchanged, compared to its average volume of 4,226. The company has a market cap of $49.65 million, a P/E ratio of 27.87 and a beta of 1.19. The stock’s 50 day simple moving average is $43.76 and its 200 day simple moving average is $42.04. Clough Select Equity ETF has a twelve month low of $32.61 and a twelve 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.