Nomura Energy Transition ETF (NYSEARCA:PWER) Sees Large Growth in Short Interest

Nomura Energy Transition ETF (NYSEARCA:PWER) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 1,748 shares, a growth of 37.1% from the February 12th total of 1,275 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 2,030 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 2,030 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the shares of the company are sold short.

Nomura Energy Transition ETF Price Performance

Nomura Energy Transition ETF stock traded down $1.09 during mid-day trading on Monday, reaching $39.02. 761 shares of the company traded hands, compared to its average volume of 1,281. The firm’s fifty day moving average is $39.05 and its two-hundred day moving average is $35.27. The company has a market capitalization of $9.76 million, a price-to-earnings ratio of 169.65 and a beta of 1.06. Nomura Energy Transition ETF has a fifty-two week low of $21.30 and a fifty-two week high of $41.72.

About Nomura Energy Transition ETF

The Macquarie Energy Transition ETF (PWER) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in global companies across various sectors that facilitate transition to low carbon energy sources and lower emission power production. PWER was launched on Nov 28, 2023 and is issued by Macquarie.