Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Increases By 98.1%

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 8,081 shares, a growth of 98.1% from the May 14th total of 4,079 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 6,184 shares, the short-interest ratio is presently 1.3 days.

Clough Select Equity ETF Trading Up 0.8%

CBSE stock traded up $0.39 during trading hours on Friday, hitting $49.91. 1,281 shares of the stock were exchanged, compared to its average volume of 4,432. The firm has a market capitalization of $51.41 million, a P/E ratio of 27.87 and a beta of 1.19. The company has a 50-day simple moving average of $47.19 and a two-hundred day simple moving average of $43.47. Clough Select Equity ETF has a 12 month low of $33.50 and a 12 month high of $52.82.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its stake in Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% during the second quarter, according to its most recent Form 13F filing with the 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 filing with the SEC.

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.