Clough Select Equity ETF (NYSEARCA:CBSE) Stock Price Down 1% – Here’s What Happened

Clough Select Equity ETF (NYSEARCA:CBSE) dropped 1% during mid-day trading on Tuesday . The stock traded as low as $30.85 and last traded at $30.90. Approximately 663 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,234 shares. The stock had previously closed at $31.22.

Clough Select Equity ETF Stock Down 1.0 %

The company has a market capitalization of $15.45 million, a P/E ratio of 17.44 and a beta of 1.11. The firm’s 50-day moving average price is $30.21 and its 200 day moving average price is $29.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Clough Select Equity ETF in the 2nd quarter worth approximately $535,000. Jaffetilchin Investment Partners LLC purchased a new stake in Clough Select Equity ETF in the second quarter worth $732,000. Finally, Waverly Advisors LLC bought a new stake in shares of Clough Select Equity ETF in the first quarter valued at $4,279,000.

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.