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

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 158 shares, a decline of 17.7% from the January 15th total of 192 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,536 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 2,536 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

ProShares S&P Kensho Cleantech ETF Trading Up 0.9%

CTEX traded up $0.35 on Tuesday, hitting $39.06. 1,401 shares of the company were exchanged, compared to its average volume of 2,686. The firm has a 50-day moving average price of $38.27 and a two-hundred day moving average price of $33.91. ProShares S&P Kensho Cleantech ETF has a twelve month low of $15.11 and a twelve month high of $41.84. The company has a market cap of $5.86 million, a price-to-earnings ratio of 21.78 and a beta of 1.66.

Institutional Trading of ProShares S&P Kensho Cleantech ETF

Several hedge funds have recently added to or reduced their stakes in CTEX. SG Americas Securities LLC lifted its stake in ProShares S&P Kensho Cleantech ETF by 90.2% in the fourth quarter. SG Americas Securities LLC now owns 21,760 shares of the company’s stock worth $766,000 after acquiring an additional 10,317 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of ProShares S&P Kensho Cleantech ETF during the 4th quarter worth $368,000. Finally, Susquehanna International Group LLP acquired a new position in shares of ProShares S&P Kensho Cleantech ETF during the third quarter worth $215,000.

About ProShares S&P Kensho Cleantech ETF

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.