SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Update

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 13,349 shares, a growth of 29.6% from the February 26th total of 10,298 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 5,861 shares, the days-to-cover ratio is currently 2.3 days.

SPDR S&P Kensho Clean Power ETF Price Performance

Shares of CNRG stock traded down $0.68 during mid-day trading on Friday, hitting $90.44. 6,301 shares of the stock traded hands, compared to its average volume of 7,237. 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 market cap of $189.02 million, a P/E ratio of 20.46 and a beta of 1.34. The stock’s fifty day moving average is $96.50 and its two-hundred day moving average is $93.72.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of CNRG. Wells Fargo & Company MN increased its position in shares of SPDR S&P Kensho Clean Power ETF by 8.7% in the 4th quarter. Wells Fargo & Company MN now owns 45,792 shares of the company’s stock valued at $4,097,000 after acquiring an additional 3,682 shares during the period. Bank of America Corp DE lifted its position in SPDR S&P Kensho Clean Power ETF by 19.4% during the 3rd quarter. Bank of America Corp DE now owns 73,702 shares of the company’s stock worth $6,204,000 after acquiring an additional 11,957 shares during the period. Advisors Preferred LLC purchased a new stake in SPDR S&P Kensho Clean Power ETF during the 3rd quarter valued at about $224,000. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Kensho Clean Power ETF by 22.3% in 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. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of SPDR S&P Kensho Clean Power ETF in the fourth quarter valued at about $264,000.

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.