Clough Select Equity ETF (NYSEARCA:CBSE) Short Interest Up 142.5% in April

Clough Select Equity ETF (NYSEARCA:CBSE) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 11,120 shares, a growth of 142.5% from the March 31st total of 4,585 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 4,861 shares, the days-to-cover ratio is currently 2.3 days.

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. grew its position in Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,324 shares of the company’s stock after purchasing an additional 12,624 shares during the period. JPMorgan Chase & Co. owned about 27.61% of Clough Select Equity ETF worth $7,508,000 at the end of the most recent quarter.

Clough Select Equity ETF Stock Performance

CBSE traded down $0.76 during trading on Monday, reaching $45.91. The company had a trading volume of 3,020 shares, compared to its average volume of 4,343. Clough Select Equity ETF has a 12-month low of $29.23 and a 12-month high of $47.07. The firm’s 50-day simple moving average is $42.34 and its 200 day simple moving average is $41.40. The company has a market cap of $47.29 million, a price-to-earnings ratio of 27.87 and a beta of 1.14.

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.