Short Interest in Clough Select Equity ETF (NYSEARCA:CBSE) Decreases By 40.7%

Clough Select Equity ETF (NYSEARCA:CBSEGet Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 11,544 shares, a drop of 40.7% from the February 26th total of 19,478 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 6,066 shares, the days-to-cover ratio is currently 1.9 days.

Clough Select Equity ETF Stock Performance

NYSEARCA:CBSE traded down $0.36 during midday trading on Friday, reaching $40.04. 1,030 shares of the stock traded hands, compared to its average volume of 4,521. The business has a 50-day moving average of $42.16 and a two-hundred day moving average of $41.13. Clough Select Equity ETF has a 12-month low of $25.79 and a 12-month high of $44.11. The stock has a market capitalization of $38.84 million, a PE ratio of 27.87 and a beta of 1.16.

Clough Select Equity ETF Dividend Announcement

The company also recently announced 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 Trading of Clough Select Equity ETF

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. raised its position in Clough Select Equity ETF (NYSEARCA:CBSEFree Report) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 198,553 shares of the company’s stock after purchasing an additional 6,316 shares during the period. JPMorgan Chase & Co. owned 20.47% of Clough Select Equity ETF worth $7,830,000 at the end of the most recent quarter.

About Clough Select Equity ETF

(Get Free Report)

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.

Further Reading

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