Clough Select Equity ETF (NYSEARCA:CBSE) Short Interest Down 36.9% in April

Clough Select Equity ETF (NYSEARCA:CBSE) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 7,014 shares, a decline of 36.9% from the April 15th total of 11,120 shares. Based on an average trading volume of 2,816 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.7% of the shares of the company are short sold.

Clough Select Equity ETF Stock Performance

Shares of CBSE opened at $47.84 on Wednesday. The stock has a 50-day moving average of $43.90 and a two-hundred day moving average of $42.09. Clough Select Equity ETF has a one year low of $32.61 and a one year high of $50.28. The stock has a market cap of $49.28 million, a P/E ratio of 27.87 and a beta of 1.19.

Institutional Trading of Clough Select Equity ETF

An institutional investor recently raised its position in Clough Select Equity ETF stock. JPMorgan Chase & Co. boosted its position in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 198,553 shares of the company’s stock after acquiring 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 reporting period.

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.