SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Down 93.4% in June

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,984 shares, a decrease of 93.4% from the May 31st total of 44,913 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 17,764 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On SPDR S&P Kensho Clean Power ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNRG. Bank of America Corp DE grew its position in SPDR S&P Kensho Clean Power ETF by 4.0% in the 1st quarter. Bank of America Corp DE now owns 89,718 shares of the company’s stock worth $8,103,000 after purchasing an additional 3,485 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of SPDR S&P Kensho Clean Power ETF by 18.0% in the 1st quarter. Wealthfront Advisers LLC now owns 3,582 shares of the company’s stock worth $324,000 after buying an additional 546 shares during the last quarter. Advisors Preferred LLC boosted its stake in shares of SPDR S&P Kensho Clean Power ETF by 109.8% in the 1st quarter. Advisors Preferred LLC now owns 831 shares of the company’s stock worth $75,000 after buying an additional 435 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of SPDR S&P Kensho Clean Power ETF by 70.3% in the first quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock worth $36,000 after acquiring an additional 163 shares during the period. Finally, Matthew Goff Investment Advisor LLC bought a new stake in shares of SPDR S&P Kensho Clean Power ETF in the first quarter worth $19,359,000.

SPDR S&P Kensho Clean Power ETF Stock Down 1.3%

Shares of NYSEARCA CNRG traded down $1.45 during trading on Friday, reaching $107.35. 10,940 shares of the company traded hands, compared to its average volume of 9,380. The firm has a 50 day simple moving average of $109.55 and a 200-day simple moving average of $100.09. SPDR S&P Kensho Clean Power ETF has a 52-week low of $58.33 and a 52-week high of $125.76. The stock has a market capitalization of $229.73 million, a PE ratio of 20.46 and a beta of 1.41.

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.