Short Interest in SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Increases By 117.5%

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 21,600 shares, a growth of 117.5% from the December 15th total of 9,930 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 13,580 shares, the short-interest ratio is presently 1.6 days. Based on an average daily trading volume, of 13,580 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Trading of SPDR S&P Kensho Clean Power ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. BOS Asset Management LLC lifted its stake in shares of SPDR S&P Kensho Clean Power ETF by 6.6% in the second quarter. BOS Asset Management LLC now owns 4,339 shares of the company’s stock worth $258,000 after buying an additional 269 shares in the last quarter. Exchange Capital Management Inc. lifted its position in SPDR S&P Kensho Clean Power ETF by 28.7% in the 2nd quarter. Exchange Capital Management Inc. now owns 36,344 shares of the company’s stock valued at $2,160,000 after acquiring an additional 8,112 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of SPDR S&P Kensho Clean Power ETF in the 2nd quarter worth $226,000. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P Kensho Clean Power ETF in the second quarter worth $189,000. Finally, Ameriprise Financial Inc. raised its stake in shares of SPDR S&P Kensho Clean Power ETF by 5.6% in the second quarter. Ameriprise Financial Inc. now owns 48,401 shares of the company’s stock worth $2,876,000 after purchasing an additional 2,554 shares during the last quarter.

SPDR S&P Kensho Clean Power ETF Trading Down 0.8%

NYSEARCA:CNRG traded down $0.73 during trading hours on Wednesday, reaching $96.59. 4,573 shares of the company traded hands, compared to its average volume of 8,830. The business’s 50-day moving average price is $94.08 and its two-hundred day moving average price is $83.42. SPDR S&P Kensho Clean Power ETF has a 1 year low of $43.34 and a 1 year high of $106.94. The stock has a market capitalization of $201.87 million, a P/E ratio of 20.46 and a beta of 1.34.

About SPDR S&P Kensho Clean Power ETF

The SPDR Kensho Clean Power ETF (CNRG) is an exchange-traded fund that is based on the S&P Kensho Clean Power index. The fund tracks a tier-weighted index of US equities associated with the clean power sector. CNRG was launched on Oct 22, 2018 and is managed by State Street.