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

Clough Select Equity ETF (NYSEARCA:CBSE) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 4,585 shares, a drop of 60.3% from the March 15th total of 11,544 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 2,457 shares, the short-interest ratio is presently 1.9 days.

Clough Select Equity ETF Stock Performance

NYSEARCA CBSE traded up $0.86 during trading on Monday, hitting $44.00. The stock had a trading volume of 9,168 shares, compared to its average volume of 4,456. The stock has a market capitalization of $44.88 million, a price-to-earnings ratio of 27.87 and a beta of 1.14. Clough Select Equity ETF has a one year low of $27.80 and a one year high of $44.11. The stock has a 50 day simple moving average of $41.69 and a 200 day simple moving average of $41.13.

Institutional Trading of Clough Select Equity ETF

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. grew its stake in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% in the 4th quarter, according to its most recent disclosure 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 quarter.

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.