SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Sees Significant Increase in Short Interest

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the recipient of a significant 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. Based on an average daily volume of 13,580 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 13,580 shares, the days-to-cover ratio is currently 1.6 days.

SPDR S&P Kensho Clean Power ETF Stock Up 1.1%

CNRG stock traded up $1.09 during trading on Friday, hitting $98.81. 2,143 shares of the company’s stock traded hands, compared to its average volume of 7,940. The stock has a market capitalization of $206.50 million, a price-to-earnings ratio of 20.46 and a beta of 1.34. SPDR S&P Kensho Clean Power ETF has a 52 week low of $43.34 and a 52 week high of $106.94. The stock has a fifty day moving average price of $93.92 and a two-hundred day moving average price of $83.61.

Institutional Trading of SPDR S&P Kensho Clean Power ETF

A number of large investors have recently modified their holdings of CNRG. Osaic Holdings Inc. grew its stake in shares of SPDR S&P Kensho Clean Power ETF by 10.5% in the second quarter. Osaic Holdings Inc. now owns 1,849 shares of the company’s stock worth $109,000 after purchasing an additional 176 shares in the last quarter. BOS Asset Management LLC grew its position in SPDR S&P Kensho Clean Power ETF by 6.6% in the 2nd quarter. BOS Asset Management LLC now owns 4,339 shares of the company’s stock valued at $258,000 after buying an additional 269 shares in the last quarter. Advisors Preferred LLC acquired a new position in SPDR S&P Kensho Clean Power ETF during the 3rd quarter valued at about $224,000. Ameriprise Financial Inc. raised its position in shares of SPDR S&P Kensho Clean Power ETF by 5.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 48,401 shares of the company’s stock worth $2,876,000 after buying an additional 2,554 shares in the last quarter. Finally, Fulcrum Equity Management acquired a new stake in shares of SPDR S&P Kensho Clean Power ETF in the 4th quarter worth approximately $247,000.

SPDR S&P Kensho Clean Power ETF Company Profile

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.