Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Declines By 41.8%

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 4,079 shares, a decline of 41.8% from the April 30th total of 7,014 shares. Based on an average trading volume of 3,756 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

Clough Select Equity ETF Trading Up 0.8%

Shares of Clough Select Equity ETF stock opened at $50.66 on Tuesday. The company’s 50-day moving average price is $45.48 and its two-hundred day moving average price is $42.72. Clough Select Equity ETF has a 52 week low of $33.50 and a 52 week high of $50.95. The stock has a market cap of $52.18 million, a PE ratio of 27.87 and a beta of 1.19.

Institutional Investors Weigh In On Clough Select Equity ETF

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 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,324 shares of the company’s stock after acquiring an additional 12,624 shares during the quarter. JPMorgan Chase & Co. owned about 27.61% of Clough Select Equity ETF worth $7,508,000 as of its most recent SEC filing.

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.