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

by · The Cerbat Gem

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

Clough Select Equity ETF Trading Up 1.8%

CBSE stock traded up $0.92 on Monday, hitting $50.83. The company’s stock had a trading volume of 10,992 shares, compared to its average volume of 4,489. The firm has a 50 day moving average of $47.19 and a two-hundred day moving average of $43.47. Clough Select Equity ETF has a 1 year low of $33.50 and a 1 year high of $52.82. The stock has a market cap of $52.35 million, a price-to-earnings ratio of 27.87 and a beta of 1.19.

Hedge Funds Weigh In On Clough Select Equity ETF

An institutional investor recently raised its position in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its stake in Clough Select Equity ETF (NYSEARCA:CBSE – Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,553 shares of the company’s stock after purchasing an additional 6,316 shares during the quarter. JPMorgan Chase & Co. owned 20.47% of Clough Select Equity ETF worth $7,830,000 at the end of the most recent quarter.

Clough Select Equity ETF Company Profile

(Get Free Report)

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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