Short Interest in SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Declines By 17.4%

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 17,682 shares, a decrease of 17.4% from the January 29th total of 21,407 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 7,005 shares, the short-interest ratio is presently 2.5 days. Based on an average trading volume of 7,005 shares, the short-interest ratio is presently 2.5 days. Approximately 0.8% of the shares of the stock are sold short.

SPDR S&P Kensho Clean Power ETF Stock Performance

Shares of NYSEARCA CNRG traded up $1.98 during mid-day trading on Wednesday, reaching $93.69. The company had a trading volume of 2,676 shares, compared to its average volume of 7,195. SPDR S&P Kensho Clean Power ETF has a 12-month low of $43.34 and a 12-month high of $106.94. The company has a market capitalization of $195.81 million, a price-to-earnings ratio of 20.46 and a beta of 1.34. The stock has a fifty day moving average of $97.21 and a two-hundred day moving average of $91.51.

Hedge Funds Weigh In On SPDR S&P Kensho Clean Power ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings 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 valued at $109,000 after purchasing an additional 176 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in SPDR S&P Kensho Clean Power ETF by 6.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,380 shares of the company’s stock worth $481,000 after buying an additional 343 shares during the last quarter. Cetera Investment Advisers grew its holdings in SPDR S&P Kensho Clean Power ETF by 22.3% during the fourth quarter. Cetera Investment Advisers now owns 3,062 shares of the company’s stock valued at $274,000 after purchasing an additional 559 shares during the period. Royal Bank of Canada increased its position in shares of SPDR S&P Kensho Clean Power ETF by 5.8% in the 4th quarter. Royal Bank of Canada now owns 15,344 shares of the company’s stock valued at $1,372,000 after buying an additional 837 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of SPDR S&P Kensho Clean Power ETF in the fourth quarter worth about $113,000.

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.