Clough Select Equity ETF (NYSEARCA:CBSE) Sees Large Growth in Short Interest

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 6,039 shares, an increase of 106.0% from the July 30th total of 2,931 shares. Based on an average daily trading volume, of 17,980 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Clough Select Equity ETF Price Performance

Clough Select Equity ETF stock opened at $47.67 on Monday. Clough Select Equity ETF has a 52-week low of $36.94 and a 52-week high of $52.82. The firm has a market cap of $53.39 million, a PE ratio of 27.87 and a beta of 1.20. The company’s 50 day moving average is $48.83 and its two-hundred day moving average is $46.46.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Clough Select Equity ETF stock. JPMorgan Chase & Co. boosted its stake in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,553 shares of the company’s stock after purchasing an additional 6,316 shares during the quarter. 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.