Macquarie Energy Transition ETF (NYSEARCA:PWER) Sees Large Growth in Short Interest

Macquarie Energy Transition ETF (NYSEARCA:PWER) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 4,777 shares, an increase of 387.4% from the December 15th total of 980 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 1,057 shares, the short-interest ratio is currently 4.5 days. Based on an average trading volume of 1,057 shares, the short-interest ratio is currently 4.5 days. Currently, 2.4% of the shares of the company are sold short.

Macquarie Energy Transition ETF Stock Up 1.1%

PWER stock traded up $0.40 during midday trading on Tuesday, hitting $37.14. The company’s stock had a trading volume of 804 shares, compared to its average volume of 801. The stock’s 50-day moving average price is $34.39 and its 200 day moving average price is $32.16. Macquarie Energy Transition ETF has a 1 year low of $21.30 and a 1 year high of $37.14. The stock has a market cap of $7.43 million, a price-to-earnings ratio of 161.48 and a beta of 1.06.

About Macquarie Energy Transition ETF

The Macquarie Energy Transition ETF (PWER) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in global companies across various sectors that facilitate transition to low carbon energy sources and lower emission power production. PWER was launched on Nov 28, 2023 and is issued by Macquarie.