Clough Select Equity ETF (NYSEARCA:CBSE) Trading Down 0.4% – Should You Sell?

Clough Select Equity ETF (NYSEARCA:CBSE)’s stock price traded down 0.4% during mid-day trading on Monday . The company traded as low as $48.41 and last traded at $48.45. Approximately 2,055 shares traded hands during trading, a decline of 64% from the average session volume of 5,665 shares. The stock had previously closed at $48.63.

Clough Select Equity ETF Price Performance

The stock has a 50 day simple moving average of $49.99 and a two-hundred day simple moving average of $45.32. The company has a market cap of $54.26 million, a PE ratio of 27.87 and a beta of 1.18.

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. boosted its holdings in Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 about 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

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.