Clough Select Equity ETF (NYSEARCA:CBSE) Sees Significant Drop in Short Interest

by · The Cerbat Gem

Clough Select Equity ETF (NYSEARCA:CBSE – Get Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 7,014 shares, a decline of 36.9% from the April 15th total of 11,120 shares. Based on an average daily trading volume, of 2,816 shares, the short-interest ratio is presently 2.5 days. Approximately 0.7% of the shares of the stock are short sold.

Clough Select Equity ETF Price Performance

CBSE stock traded down $0.95 during trading on Monday, hitting $48.21. The stock had a trading volume of 4,678 shares, compared to its average volume of 4,206. Clough Select Equity ETF has a twelve month low of $32.61 and a twelve month high of $50.28. The stock has a market capitalization of $49.66 million, a P/E ratio of 27.87 and a beta of 1.19. The company’s 50-day moving average price is $43.63 and its two-hundred day moving average price is $41.98.

Institutional Investors Weigh In On Clough Select Equity ETF

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. lifted its holdings in Clough Select Equity ETF (NYSEARCA:CBSE – Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,553 shares of the company’s stock after buying an additional 6,316 shares during the period. JPMorgan Chase & Co. owned approximately 20.47% of Clough Select Equity ETF worth $7,830,000 as of its most recent filing with the Securities and Exchange Commission.

About Clough Select Equity ETF

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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.

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