CBSE Clough Select Equity ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

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Key stats
About

Clough Select Equity ETF (CBSE) ETF

No description available.

Exchange
ARCX
Inception
2020-11-12
Has Options
No
Fund profile
holdings as of Apr 30, 2026SEC filingthrough Jul 2026flows, SEC filings
Expense ratio
0.85%
prospectus, filed Feb 27, 2026
Assets
$50M
shares × price, Oct 9, 2026
Trailing yield
0.29%
paid annual
Average daily volume
$167K
30 sessions
Holdings
38
top 10 are 31.6%
Listed
Nov 12, 2020
NYSE Arca
Last fee change
-1 bp
filed Feb 27, 2026
Closure risk, 12 months
3.3%
low: trading volume, size of the sponsor's line-up · model
FrenzyCap ETF score
23
how it is built
Cost9
Liquidity7
Scale26
Diversification66

Moves with. US large-cap stocks (34% of its variance, beta 0.91); Small caps over large (20% of its variance, beta 0.92); Emerging markets over US (16% of its variance, beta 0.41); Value over growth (7% of its variance, beta -0.22). These factors explain 78% of its daily moves over the last year.

Stated objective. The Clough Select Equity ETF (the Fund) seeks capital appreciation and lower volatility than the broader market. (from the fund's prospectus)

All 38 holdingsFlow historySimilar fundsOverlap toolAll Large Cap Blend ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
+$3.5M
latest reported month
Latest 3 months
+$4.4M
+8.6% of assets
Latest 12 months
+$16M
+31.4% of assets
Aug 2025: +$744KSep 2025: +$1.2MSepOct 2025: +$2.1MNov 2025: +$2.7MNovDec 2025: +$1.6MJan 2026: +$844KJanFeb 2026: +$1.2MMar 2026: +$906KMarApr 2026: +$425K+$425KMay 2026: +$444KMayJun 2026: +$524KJul 2026: +$3.5M+$3.5MJul
View as a table
Net flows of CBSE by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$3.5M
Jun 2026+$524K
May 2026+$444K
Apr 2026+$425K
Mar 2026+$906K
Feb 2026+$1.2M
Jan 2026+$844K
Dec 2025+$1.6M
Nov 2025+$2.7M
Oct 2025+$2.1M
Sep 2025+$1.2M
Aug 2025+$744K

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 21 months ago

Similar funds
FundOverlapFeeAssets1Y
IQMFranklin Intelligent Machines ETF19%0.50%$89M+22.7%compare
EPAIHarbor AI Inflection Strategy ETF18%0.88%$5.4M—compare
RULEAdaptive Core ETF18%1.84%$18M+35.8%compare
HYPGolden Eagle Dynamic Hypergrowth ETF18%0.85%$69M+14.7%compare
CBLSClough Hedged Equity ETF17%1.89%$58M+9.4%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Apr 30, 2026SEC filing
Holdings vs fair value
+3.9%
32% under, 27% over · 96% covered
Price / earnings
—
24% loss-making · 88% covered
Price / book · sales
4.9 · 3.4
revenue growth +18.2%
Above 200-day average
57%
44% above 50-day · by weight
Short interest
10.3%
of float, weighted · 3.7 days to cover
Insider buying
11%
of weight had net insider buying, 90 days; 55% net selling
13F holders
+5.8%
change in shares held by institutions, latest quarter
Reporting earnings
2.5%
of weight in 7 days; 14.8% in 14
Largest contributors below fair value
Largest contributors above fair value

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
New positionSTXSeagate Technology Holdings PL—3.48%—
New positionMPWRMonolithic Power Systems Inc—3.26%—
New positionWDCWestern Digital Corp—3.23%—
New positionLITELumentum Holdings Inc—3.01%—
ExitHPHelmerich & Payne Inc2.86%——
ExitRIGTransocean Ltd2.85%——
ExitFTITechnipFMC PLC2.82%——
ExitASMLASML Holding NV2.82%——
New positionOSCROscar Health Inc—2.79%—
ExitBKRBaker Hughes Co2.77%——

22 new, 24 exited, 3 increased and 5 decreased between the fund's two latest holdings reports; turnover 62.1%. Full holdings and history

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
3 active
of 3 with agreements; top 3 did 100%
Created · redeemed
$26M · $19M
over the fiscal year
Redemptions in kind
1%
creations 1% in kind
Creation unit
10,000
shares
Securities lending
not authorized

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-31
Holdings
40
AUM
$40.8M
Provider
Nport
Inception
2020-11-12
Exchange
ARCX
Data As Of
2026-10-31
Expense Ratio
0.85%
Dividend Yield
0.29%
Distribution
Annual
Recent distributions
Ex-Date Pay Date Amount Type
2025-12-30 2025-12-31 $0.1364 CD
2024-12-24 2024-12-26 $0.1240 CD
2023-12-21 2023-12-26 $0.3759 CD
2022-12-23 2022-12-28 $0.1129 CD
Asset Allocation
Top Holdings
top 40 of 40 holdings
Symbol Name Weight % Asset Class Country
HP Helmerich & Payne Inc 2.86% Equity (common) US
SEI Solaris Energy Infrastructure 2.85% Equity (common) US
RIG Transocean Ltd 2.85% Equity (common) CH
FTI TechnipFMC PLC 2.82% Equity (common) GB
ASML ASML Holding NV 2.82% Equity (common) NL
BKR Baker Hughes Co 2.77% Equity (common) US
PWR Quanta Services Inc 2.77% Equity (common) US
NVT nVent Electric PLC 2.76% Equity (common) IE
CVX Chevron Corp 2.74% Equity (common) US
SITM SiTime Corp 2.73% Equity (common) US
MU Micron Technology Inc 2.72% Equity (common) US
BWXT BWX Technologies Inc 2.71% Equity (common) US
NU NU Holdings Ltd/Cayman Islands 2.70% Equity (common) KY
VALE Vale SA 2.70% Equity (common) BR
STRL Sterling Infrastructure Inc 2.70% Equity (common) US
VIK Viking Holdings Ltd 2.67% Equity (common) BM
SLB SLB Ltd 2.67% Equity (common) CW
KRYS Krystal Biotech Inc 2.66% Equity (common) US
HAL Halliburton Co 2.66% Equity (common) US
APH Amphenol Corp 2.64% Equity (common) US
ROL Rollins Inc 2.61% Equity (common) US
SAFRY EssilorLuxottica SA 2.56% Equity (common) FR
SOC Sable Offshore Corp 2.55% Equity (common) US
EXE EXPAND ENERGY CORPORATION 2.53% Equity (common) US
WTTR Select Water Solutions Inc 2.51% Equity (common) US
VG Venture Global Inc 2.49% Equity (common) US
WRBY Warby Parker Inc 2.48% Equity (common) US
TMDX TransMedics Group Inc 2.39% Equity (common) US
AGM Fannie Mae 2.38% Equity (common) US
EOSE Eos Energy Enterprises Inc 2.36% Equity (common) US
RH RH 2.34% Equity (common) US
PCT PureCycle Technologies Inc 2.32% Equity (common) US
AEHR Aehr Test Systems 2.31% Equity (common) US
VVV Valvoline Inc 2.31% Equity (common) US
BABA Alibaba Group Holding Ltd 2.23% Equity (common) KY
TXG 10X Genomics Inc 2.15% Equity (common) US
RKT Rocket Cos Inc 2.05% Equity (common) US
SCCO Southern Copper Corp 2.03% Equity (common) US
PL Planet Labs PBC 1.33% Equity (common) US
— BlackRock Liquidity Funds T-Fu 1.27% Short-term investment US
Geographic Breakdown
Non-Equity Breakdown
Clough Select Equity ETF · NPORT-P period 2026-04-30 (filed 2026-06-29)
Net assets: $48M · 38 total positions · equity 98.38% · non-equity 1.64%
Non-equity holdings — 1 positions, 1.64% of NAV
Category Weight Value Positions
Short-term investment 1.64% $787110 1
Chart
Seasonality
Month'21'22'23'24'25'26Avg
Jan5.40%-9.96%11.04%0.03%3.33%3.38%2.20%
Feb11.54%-1.90%-3.14%6.92%-3.87%1.92%1.91%
Mar-0.88%4.68%1.23%1.81%-5.99%-6.99%-1.02%
Apr2.75%-12.01%-2.12%-3.73%0.26%16.54%0.28%
May-1.48%-1.84%-2.60%12.16%12.64%7.98%4.48%
Jun0.95%-8.32%3.94%0.87%7.06%3.36%1.31%
Jul-4.13%11.74%3.88%2.85%5.33%-9.85%1.64%
Aug2.97%3.20%-2.89%0.68%2.67%2.19%1.47%
Sep-2.33%-7.58%-6.73%6.35%8.30%-1.63%-0.60%
Oct-0.17%9.31%-4.41%0.30%-2.55%1.58%*0.68%
Nov-8.08%-3.68%10.92%12.22%-0.87%--2.10%
Dec1.17%-6.17%5.50%-4.93%-0.43%---0.97%
Total6.59%-22.91%13.55%39.76%27.19%17.34%13.59%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $47.07
SMA 50: $47.53
SMA 200: $45.85
Current: $47.66
EMA 12: $47.44
EMA 26: $47.38
MACD: 0.0627 | Signal: 0.1348
BEARISH
ADX (14): 17.36
RANGE
+DI: 34.29
−DI: 43.24

Momentum Oscillators

RSI (14): 52.35
NEUTRAL
Stoch %K: 57.10
Stoch %D: 70.56
Williams %R: -38.49

Volume & Volatility

BB Upper: $48.48
BB Lower: $45.65
NEUTRAL
OBV: 272,467
Vol SMA 20: 3,187
Vol ROC: 579.52%
ATR: $0.56
True Range: $0.44
HV 20: 18.4%
HV 30: 17.8%
HV 60: 19.6%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

CBSE Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 1.4641
Alpha: -6.08%
Correlation: 0.7428
R-Squared: 55.2%
Stock Volatility: 25.7%
Market Volatility: 13.0%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time

CBSE Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

10 filers475,493 shares$24.65M value
# Filer Shares Value % of Total % of Float Period
1 JPMorgan Chase & Co Custodian 191,881 $9.89M 40.14% — 2026-06-30
2 Waverly Advisors, LLC 145,146 $7.60M 30.83% — 2026-06-30
3 Sanctuary Advisors, LLC 88,595 $4.64M 18.82% — 2026-06-30
4 Royal Bank of Canada Custodian 14,048 $736.00K 2.99% — 2026-06-30
5 Alchemi Wealth, LLC 11,107 $581.64K 2.36% — 2026-06-30
6 HighTower Advisors, LLC 10,634 $556.85K 2.26% — 2026-06-30
7 Jaffetilchin Investment Partners, LLC 7,571 $301.52K 1.22% — 2026-03-31
8 COMMONWEALTH EQUITY SERVICES, LLC 4,504 $235.83K 0.96% — 2026-06-30
9 OSAIC HOLDINGS, INC. Custodian 1,918 $100.42K 0.41% — 2026-06-30
10 UBS Group AG Custodian 89 $4.66K 0.02% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
CBSE Constituent Performance

Click any bar to view the full quote for that stock.

CBSE Constituents (38 of 39)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
HP Helmerich & Payne Inc 2.86% $39.88 -0.77%+3.42%-9.45%
SEI Solaris Energy Infrastructure 2.85% $76.4 +4.54%+1.96%+13.32%
RIG Transocean Ltd 2.84% $5.51 -0.54%+6.58%-2.82%
FTI TechnipFMC PLC 2.82% $69.57 -0.09%+1.09%-8.87%
ASML ASML Holding NV 2.82% $1780.34 +0.60%-4.66%+4.83%
BKR Baker Hughes Co 2.77% $56.7 +0.71%+1.25%-4.00%
PWR Quanta Services Inc 2.77% $705.94 +3.01%+4.34%+8.51%
NVT nVent Electric PLC 2.76% $167.43 +1.97%-1.26%+3.11%
CVX Chevron Corp 2.74% $211.98 +0.20%+2.56%-0.97%
SITM SiTime Corp 2.73% $612.37 -5.07%-13.68%-3.66%
MU Micron Technology Inc 2.72% $1029 -0.66%-4.27%+5.51%
BWXT BWX Technologies Inc 2.71% $143.83 +1.13%+6.65%-4.19%
NU NU Holdings Ltd/Cayman Islands 2.70% $16.12 +4.81%+20.03%+10.26%
VALE Vale SA 2.70% $13.62 +1.49%-1.02%-10.57%
STRL Sterling Infrastructure Inc 2.70% $513 -1.04%-3.83%+0.38%
VIK Viking Holdings Ltd 2.67% $81.62 -0.02%+1.32%-3.99%
SLB SLB Ltd 2.67% $48.95 -0.06%+0.43%-12.68%
KRYS Krystal Biotech Inc 2.66% $331.61 +1.32%+2.89%-4.44%
HAL Halliburton Co 2.66% $32.55 -0.06%+2.20%-9.18%
APH Amphenol Corp 2.64% $87.24 +2.25%+0.32%+3.96%
ROL Rollins Inc 2.61% $31.98 -0.87%+6.03%-7.92%
SOC Sable Offshore Corp 2.55% $3.72 -3.63%+5.98%-28.05%
EXE EXPAND ENERGY CORPORATION 2.53% $88.22 -0.72%+3.16%-6.97%
WTTR Select Water Solutions Inc 2.51% $19.76 +0.82%-0.95%-4.26%
VG Venture Global Inc 2.49% $13.16 -0.98%+0.23%-16.71%
WRBY Warby Parker Inc 2.48% $25.3 +1.40%-6.40%+2.39%
TMDX TransMedics Group Inc 2.39% $77.87 -1.43%-2.41%-5.24%
AGM Fannie Mae 2.38% $203.9 -1.71%-5.07%-9.58%
EOSE Eos Energy Enterprises Inc 2.36% $2.52 -8.86%-21.50%-36.20%
RH RH 2.34% $116.99 +2.92%-2.88%-12.74%
PCT PureCycle Technologies Inc 2.32% $3.92 -0.25%-10.71%-34.88%
AEHR Aehr Test Systems 2.31% $84.64 -2.95%-21.05%-10.61%
VVV Valvoline Inc 2.31% $30.27 -1.85%-1.01%-0.92%
BABA Alibaba Group Holding Ltd 2.23% $111.37 +5.36%+5.21%+1.89%
TXG 10X Genomics Inc 2.15% $80.65 +4.36%-13.74%+17.58%
RKT Rocket Cos Inc 2.05% $11.48 -2.38%-1.88%-12.90%
SCCO Southern Copper Corp 2.03% $209.21 +5.31%+1.79%+8.12%
PL Planet Labs PBC 1.33% $17.18 -0.06%-1.83%+4.44%