ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Stock Short Interest Declines 75.2%

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 967 shares, a decrease of 75.2% from the August 31st total of 3,892 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 890 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of ProShares S&P Kensho Cleantech ETF

A hedge fund recently raised its stake in ProShares S&P Kensho Cleantech ETF stock. Citadel Advisors LLC increased its position in shares of ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,892 shares of the company’s stock after acquiring an additional 3,232 shares during the quarter. Citadel Advisors LLC owned about 14.59% of ProShares S&P Kensho Cleantech ETF worth $965,000 as of its most recent SEC filing.

ProShares S&P Kensho Cleantech ETF Stock Performance

CTEX stock traded up $0.42 during trading on Friday, reaching $31.07. 659 shares of the company traded hands, compared to its average volume of 1,751. The business has a 50 day simple moving average of $33.40 and a 200 day simple moving average of $37.77. ProShares S&P Kensho Cleantech ETF has a 12 month low of $30.20 and a 12 month high of $51.50. The company has a market capitalization of $4.66 million, a price-to-earnings ratio of 21.78 and a beta of 1.73.

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.