SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 909 shares, a drop of 69.5% from the June 15th total of 2,984 shares. Based on an average daily volume of 11,851 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On SPDR S&P Kensho Clean Power ETF
Hedge funds have recently added to or reduced their stakes in the stock. Matthew Goff Investment Advisor LLC bought a new position in shares of SPDR S&P Kensho Clean Power ETF during the first quarter valued at $19,359,000. Northbridge Financial Group LLC purchased a new position in shares of SPDR S&P Kensho Clean Power ETF in the 4th quarter worth about $536,000. Nalls Sherbakoff Group LLC bought a new position in SPDR S&P Kensho Clean Power ETF in the 4th quarter worth about $168,000. Wealthfront Advisers LLC bought a new position in SPDR S&P Kensho Clean Power ETF in the 4th quarter worth about $272,000. Finally, Fulcrum Equity Management bought a new position in SPDR S&P Kensho Clean Power ETF in the 4th quarter worth about $247,000.
SPDR S&P Kensho Clean Power ETF Stock Performance
Shares of CNRG traded down $1.74 during mid-day trading on Monday, reaching $99.67. The company had a trading volume of 7,378 shares, compared to its average volume of 9,718. The company has a market capitalization of $219.27 million, a price-to-earnings ratio of 20.46 and a beta of 1.41. The firm has a 50-day moving average price of $111.05 and a 200 day moving average price of $101.02. SPDR S&P Kensho Clean Power ETF has a 52 week low of $64.30 and a 52 week high of $125.76.
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.
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