Clough Select Equity ETF (NYSEARCA:CBSE) Shares Down 0.4% – Here’s Why

Shares of Clough Select Equity ETF (NYSEARCA:CBSE) were down 0.4% on Monday . The stock traded as low as $48.41 and last traded at $48.45. Approximately 2,055 shares were traded during trading, a decline of 64% from the average session volume of 5,665 shares. The stock had previously closed at $48.63.

Clough Select Equity ETF Stock Performance

The company has a 50-day moving average of $49.99 and a 200-day moving average of $45.39. The firm has a market capitalization of $55.05 million, a price-to-earnings ratio of 27.87 and a beta of 1.18.

Institutional Investors Weigh In On Clough Select Equity ETF

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

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.