SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Up 158.1% in July

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 22,816 shares, an increase of 158.1% from the July 15th total of 8,841 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 12,160 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of SPDR S&P Kensho Clean Power ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AdvisorNet Financial Inc raised its holdings in SPDR S&P Kensho Clean Power ETF by 70.3% during the first quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock worth $36,000 after purchasing an additional 163 shares in the last quarter. Advisors Preferred LLC raised its position in SPDR S&P Kensho Clean Power ETF by 109.8% in the first quarter. Advisors Preferred LLC now owns 831 shares of the company’s stock worth $75,000 after acquiring an additional 435 shares in the last quarter. Osaic Holdings Inc. increased its stake in SPDR S&P Kensho Clean Power ETF by 10.5% in the 2nd 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. Kestra Advisory Services LLC purchased a new stake in shares of SPDR S&P Kensho Clean Power ETF in the fourth quarter valued at about $113,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of SPDR S&P Kensho Clean Power ETF in the fourth quarter valued at $168,000.

SPDR S&P Kensho Clean Power ETF Stock Performance

SPDR S&P Kensho Clean Power ETF stock opened at $95.09 on Friday. The company has a market capitalization of $206.35 million, a price-to-earnings ratio of 20.46 and a beta of 1.44. SPDR S&P Kensho Clean Power ETF has a 1 year low of $67.44 and a 1 year high of $125.76. The company’s 50 day simple moving average is $101.83 and its 200-day simple moving average is $101.06.

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.