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 increase in short interest during the month of May. As of May 15th, there was short interest totaling 33,994 shares, an increase of 209.7% from the April 30th total of 10,976 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 15,223 shares, the short-interest ratio is presently 2.2 days.

SPDR S&P Kensho Clean Power ETF Stock Down 0.2%

SPDR S&P Kensho Clean Power ETF stock opened at $121.77 on Friday. The business’s 50-day simple moving average is $101.57 and its 200 day simple moving average is $97.58. The stock has a market cap of $260.59 million, a price-to-earnings ratio of 20.46 and a beta of 1.37. SPDR S&P Kensho Clean Power ETF has a 12-month low of $54.52 and a 12-month high of $123.37.

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

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in SPDR S&P Kensho Clean Power ETF by 4.0% in the first quarter. Bank of America Corp DE now owns 89,718 shares of the company’s stock valued at $8,103,000 after acquiring an additional 3,485 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in SPDR S&P Kensho Clean Power ETF by 18.0% during the first quarter. Wealthfront Advisers LLC now owns 3,582 shares of the company’s stock worth $324,000 after buying an additional 546 shares during the last quarter. Advisors Preferred LLC boosted its holdings in SPDR S&P Kensho Clean Power ETF by 109.8% during the first quarter. Advisors Preferred LLC now owns 831 shares of the company’s stock worth $75,000 after buying an additional 435 shares during the last quarter. AdvisorNet Financial Inc boosted 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 buying an additional 163 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC bought a new position in SPDR S&P Kensho Clean Power ETF during the first quarter worth about $19,359,000.

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.