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

Clough Select Equity ETF (NYSEARCA:CBSE) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 11,544 shares, a drop of 40.7% from the February 26th total of 19,478 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 6,066 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its holdings in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 198,553 shares of the company’s stock after acquiring an additional 6,316 shares during the period. JPMorgan Chase & Co. owned about 20.47% of Clough Select Equity ETF worth $7,830,000 at the end of the most recent quarter.

Clough Select Equity ETF Trading Down 0.9%

Shares of NYSEARCA CBSE traded down $0.36 during trading hours on Friday, hitting $40.04. 1,030 shares of the company traded hands, compared to its average volume of 4,521. The company’s 50 day moving average price is $42.16 and its 200 day moving average price is $41.13. The stock has a market capitalization of $38.84 million, a price-to-earnings ratio of 27.87 and a beta of 1.16. Clough Select Equity ETF has a 12 month low of $25.79 and a 12 month high of $44.11.

Clough Select Equity ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.1364 per share. The ex-dividend date of this dividend was Tuesday, December 30th.

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.