Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Drops By 17.2%

Clough Select Equity ETF (NYSEARCA:CBSE) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 11,942 shares, a drop of 17.2% from the January 29th total of 14,428 shares. Based on an average trading volume of 5,159 shares, the short-interest ratio is presently 2.3 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 5,159 shares, the short-interest ratio is presently 2.3 days.

Clough Select Equity ETF Trading Up 0.7%

Clough Select Equity ETF stock traded up $0.30 during midday trading on Wednesday, reaching $42.20. 3,566 shares of the stock traded hands, compared to its average volume of 4,659. Clough Select Equity ETF has a fifty-two week low of $25.79 and a fifty-two week high of $44.11. The firm has a market cap of $40.93 million, a price-to-earnings ratio of 27.87 and a beta of 1.16. The firm has a fifty day moving average price of $42.24 and a two-hundred day moving average price of $40.84.

Clough Select Equity ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.1364 dividend. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of Clough Select Equity ETF

An institutional investor recently raised its position 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 the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,324 shares of the company’s stock after acquiring an additional 12,624 shares during the period. 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.

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.