Clough Select Equity ETF (NYSEARCA:CBSE) Stock Price Down 1.1% – Here’s What Happened

Shares of Clough Select Equity ETF (NYSEARCA:CBSE) dropped 1.1% on Thursday . The stock traded as low as $40.78 and last traded at $40.78. Approximately 7,566 shares changed hands during trading, an increase of 40% from the average daily volume of 5,403 shares. The stock had previously closed at $41.23.

Clough Select Equity ETF Stock Performance

The firm’s 50-day moving average price is $39.05 and its two-hundred day moving average price is $34.84. The stock has a market cap of $30.18 million, a price-to-earnings ratio of 27.87 and a beta of 0.96.

Institutional Inflows and Outflows

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

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.