Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Grows By 106.0%

Clough Select Equity ETF (NYSEARCA:CBSE) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 6,039 shares, an increase of 106.0% from the July 30th total of 2,931 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 17,980 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Clough Select Equity ETF

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% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 reporting period.

Clough Select Equity ETF Stock Down 2.3%

NYSEARCA CBSE opened at $47.67 on Friday. The stock has a market capitalization of $53.39 million, a PE ratio of 27.87 and a beta of 1.20. Clough Select Equity ETF has a 12-month low of $36.94 and a 12-month high of $52.82. The company has a 50 day moving average price of $48.83 and a two-hundred day moving average price of $46.44.

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.