Clough Select Equity ETF (NYSEARCA:CBSE) Sees Large Increase in Short Interest

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 19,478 shares, an increase of 63.1% from the February 12th total of 11,942 shares. Based on an average daily volume of 3,516 shares, the days-to-cover ratio is currently 5.5 days. Currently, 2.0% of the shares of the company are short sold. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 3,516 shares, the days-to-cover ratio is currently 5.5 days.

Clough Select Equity ETF Stock Performance

NYSEARCA CBSE traded down $0.33 during trading on Friday, reaching $40.08. The company’s stock had a trading volume of 6,756 shares, compared to its average volume of 4,958. The business’s fifty day moving average price is $42.42 and its 200-day moving average price is $40.95. Clough Select Equity ETF has a twelve month low of $25.79 and a twelve month high of $44.11. The firm has a market cap of $38.88 million, a price-to-earnings ratio of 27.87 and a beta of 1.16.

Clough Select Equity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a $0.1364 dividend. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its stake in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Clough Select Equity ETF Company Profile

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.