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

Clough Select Equity ETF (NYSEARCA:CBSE) was the target of a significant 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 trading volume, of 4,601 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Clough Select Equity ETF Price Performance

Clough Select Equity ETF stock traded up $0.29 during mid-day trading on Friday, hitting $48.88. The company’s stock had a trading volume of 2,803 shares, compared to its average volume of 6,392. The firm’s 50 day moving average is $49.14 and its 200 day moving average is $46.03. The company has a market cap of $54.75 million, a PE ratio of 27.87 and a beta of 1.20. Clough Select Equity ETF has a 52-week low of $36.94 and a 52-week high of $52.82.

Hedge Funds 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 stake in Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,324 shares of the company’s stock after purchasing an additional 12,624 shares during the quarter. JPMorgan Chase & Co. owned 27.61% of Clough Select Equity ETF worth $7,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.