Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Increases By 101.9%

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,931 shares, a growth of 101.9% from the July 15th total of 1,452 shares. Based on an average daily volume of 4,601 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Clough Select Equity ETF Stock Up 0.6%

NYSEARCA CBSE traded up $0.29 during trading hours on Friday, hitting $48.88. 2,803 shares of the company were exchanged, compared to its average volume of 6,392. The company has a 50 day moving average of $49.14 and a two-hundred day moving average of $46.03. Clough Select Equity ETF has a 52-week low of $36.94 and a 52-week high of $52.82. The firm has a market cap of $54.75 million, a price-to-earnings ratio of 27.87 and a beta of 1.20.

Institutional Trading of Clough Select Equity ETF

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. raised its position in Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,324 shares of the company’s stock after acquiring an additional 12,624 shares during the quarter. JPMorgan Chase & Co. owned approximately 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.