Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Drops By 73.6%

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,130 shares, a decrease of 73.6% from the May 31st total of 8,081 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,572 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

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

Clough Select Equity ETF Stock Up 0.1%

Clough Select Equity ETF stock traded up $0.03 during trading hours on Friday, hitting $51.07. 45,946 shares of the company traded hands, compared to its average volume of 5,409. Clough Select Equity ETF has a 1-year low of $33.50 and a 1-year high of $52.82. The firm has a market cap of $52.60 million, a P/E ratio of 27.87 and a beta of 1.19. The firm’s 50-day simple moving average is $48.91 and its two-hundred day simple moving average is $44.21.

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.