ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Sees Large Growth in Short Interest

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 3,476 shares, a growth of 70.0% from the April 30th total of 2,045 shares. Based on an average daily volume of 1,688 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new position in ProShares S&P Kensho Cleantech ETF in the third quarter valued at approximately $215,000. SG Americas Securities LLC lifted its stake in ProShares S&P Kensho Cleantech ETF by 90.2% during the fourth quarter. SG Americas Securities LLC now owns 21,760 shares of the company’s stock worth $766,000 after purchasing an additional 10,317 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of ProShares S&P Kensho Cleantech ETF in the 4th quarter valued at $368,000.

ProShares S&P Kensho Cleantech ETF Stock Performance

Shares of NYSEARCA CTEX traded down $1.30 during trading hours on Wednesday, reaching $50.09. 1,465 shares of the stock were exchanged, compared to its average volume of 2,234. The firm has a market capitalization of $7.51 million, a price-to-earnings ratio of 21.78 and a beta of 1.67. The stock’s fifty day simple moving average is $39.69 and its 200 day simple moving average is $38.09. ProShares S&P Kensho Cleantech ETF has a 52 week low of $19.65 and a 52 week high of $51.50.

ProShares S&P Kensho Cleantech ETF Company Profile

The ProShares S&P Kensho Cleantech ETF (CTEX) is an exchange-traded fund that is based on the S&P Kensho Cleantech index. The fund tracks an index of US-listed companies involved in the development of technologies that enable clean energy generation. Holdings are equally-weighted within tiers. CTEX was launched on Sep 29, 2021 and is managed by ProShares.