Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Declines By 73.6%

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,130 shares, a drop of 73.6% from the May 31st total of 8,081 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 5,572 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. lifted its position in Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

Clough Select Equity ETF Trading Up 0.1%

Shares of CBSE opened at $51.07 on Friday. The stock has a market cap of $52.60 million, a PE ratio of 27.87 and a beta of 1.19. Clough Select Equity ETF has a 1 year low of $33.50 and a 1 year high of $52.82. The stock has a 50 day simple moving average of $48.91 and a 200-day simple moving average of $44.21.

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.