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

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 6,331 shares, an increase of 88.8% from the May 31st total of 3,354 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average daily volume of 2,402 shares, the short-interest ratio is presently 2.6 days.

ProShares S&P Kensho Cleantech ETF Stock Performance

Shares of NYSEARCA CTEX traded down $0.07 during mid-day trading on Wednesday, hitting $43.99. The stock had a trading volume of 227 shares, compared to its average volume of 2,227. The company has a 50 day moving average of $43.32 and a two-hundred day moving average of $39.39. ProShares S&P Kensho Cleantech ETF has a twelve month low of $22.31 and a twelve month high of $51.50. The firm has a market cap of $6.60 million, a PE ratio of 21.78 and a beta of 1.71.

Hedge Funds Weigh In On ProShares S&P Kensho Cleantech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CTEX. Susquehanna International Group LLP purchased a new position in ProShares S&P Kensho Cleantech ETF during the 3rd quarter worth approximately $215,000. SG Americas Securities LLC raised its holdings in shares of 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 position in ProShares S&P Kensho Cleantech ETF during the fourth quarter valued at $368,000.

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.