Clough Select Equity ETF (NYSEARCA:CBSE) Trading Down 0.4% – What’s Next?

Clough Select Equity ETF (NYSEARCA:CBSE) dropped 0.4% on Monday . The company traded as low as $48.41 and last traded at $48.45. 2,055 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 5,665 shares. The stock had previously closed at $48.63.

Clough Select Equity ETF Stock Down 0.4%

The company has a market cap of $54.26 million, a PE ratio of 27.87 and a beta of 1.18. The business has a 50-day simple moving average of $49.99 and a 200-day simple moving average of $45.32.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Clough Select Equity ETF stock. JPMorgan Chase & Co. increased its holdings in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 (SEC).

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.