Short Interest in SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Increases By 872.6%

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 8,841 shares, a growth of 872.6% from the June 30th total of 909 shares. Based on an average daily trading volume, of 10,796 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are short sold.

SPDR S&P Kensho Clean Power ETF Trading Down 4.5%

NYSEARCA:CNRG traded down $4.29 during mid-day trading on Friday, hitting $92.04. The stock had a trading volume of 5,365 shares, compared to its average volume of 9,642. SPDR S&P Kensho Clean Power ETF has a twelve month low of $65.10 and a twelve month high of $125.76. The stock has a 50-day simple moving average of $108.71 and a two-hundred day simple moving average of $101.35. The company has a market capitalization of $199.73 million, a PE ratio of 20.46 and a beta of 1.41.

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

A number of institutional investors and hedge funds have recently modified their holdings of CNRG. Matthew Goff Investment Advisor LLC purchased a new position in shares of SPDR S&P Kensho Clean Power ETF in the 1st quarter valued at about $19,359,000. Northbridge Financial Group LLC purchased a new stake in SPDR S&P Kensho Clean Power ETF during the fourth quarter worth approximately $536,000. Nalls Sherbakoff Group LLC acquired a new position in SPDR S&P Kensho Clean Power ETF in the fourth quarter valued at approximately $168,000. Wealthfront Advisers LLC purchased a new position in SPDR S&P Kensho Clean Power ETF in the fourth quarter valued at approximately $272,000. Finally, Sargent Investment Group LLC purchased a new position in SPDR S&P Kensho Clean Power ETF in the fourth quarter valued at approximately $217,000.

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.