Clough Select Equity ETF (NYSEARCA:CBSE) Trading Up 0.1% – Here’s Why

Clough Select Equity ETF (NYSEARCA:CBSE)’s stock price shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $48.00 and last traded at $47.75. Approximately 7,526 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 6,446 shares. The stock had previously closed at $47.69.

Clough Select Equity ETF Stock Performance

The company has a market capitalization of $53.48 million, a PE ratio of 27.87 and a beta of 1.20. The firm’s 50-day simple moving average is $49.26 and its 200 day simple moving average is $45.93.

Institutional Trading of Clough Select Equity ETF

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its stake in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,324 shares of the company’s stock after buying an additional 12,624 shares during the period. JPMorgan Chase & Co. owned about 27.61% of Clough Select Equity ETF worth $7,508,000 as of its most recent filing with the Securities and Exchange Commission.

Clough Select Equity ETF Company Profile

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.