Clough Select Equity ETF (NYSEARCA:CBSE) Short Interest Down 41.8% in May

Clough Select Equity ETF (NYSEARCA:CBSE) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 4,079 shares, a decline of 41.8% from the April 30th total of 7,014 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 3,756 shares, the short-interest ratio is presently 1.1 days.

Clough Select Equity ETF Price Performance

Clough Select Equity ETF stock traded down $0.22 during mid-day trading on Thursday, reaching $51.90. The stock had a trading volume of 1,162 shares, compared to its average volume of 4,448. The company has a market capitalization of $53.46 million, a price-to-earnings ratio of 27.87 and a beta of 1.19. The company has a 50-day moving average price of $45.94 and a two-hundred day moving average price of $42.91. Clough Select Equity ETF has a one year low of $33.50 and a one year high of $52.82.

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. raised its stake in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% during the 4th quarter, according to 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 period. JPMorgan Chase & Co. owned approximately 20.47% of Clough Select Equity ETF worth $7,830,000 as of its most recent SEC filing.

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.