SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Up 248.5% in December

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 9,930 shares, an increase of 248.5% from the November 30th total of 2,849 shares. Based on an average trading volume of 23,075 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 23,075 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. 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 valued at $109,000 after buying an additional 176 shares in the last quarter. Advisors Preferred LLC purchased a new position in SPDR S&P Kensho Clean Power ETF during the 3rd quarter valued at about $224,000. Creative Planning acquired a new position in SPDR S&P Kensho Clean Power ETF in the 3rd quarter valued at about $251,000. Raymond James Financial Inc. acquired a new position in SPDR S&P Kensho Clean Power ETF in the 2nd quarter valued at about $189,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in SPDR S&P Kensho Clean Power ETF during the second quarter worth about $226,000.

SPDR S&P Kensho Clean Power ETF Stock Performance

Shares of SPDR S&P Kensho Clean Power ETF stock traded down $0.22 on Friday, reaching $92.58. The company had a trading volume of 21,987 shares, compared to its average volume of 17,097. The firm’s 50 day moving average price is $95.07 and its two-hundred day moving average price is $80.18. SPDR S&P Kensho Clean Power ETF has a 52-week low of $43.34 and a 52-week high of $106.94. The firm has a market cap of $189.79 million, a PE ratio of 20.46 and a beta of 1.34.

About SPDR S&P Kensho Clean Power ETF

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.