Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG) Shares Shorted: Short Interest Up 1,125.1% in October

Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,574 shares, a growth of 1,125.1% from the September 30th total of 455 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 1,348 shares, the short-interest ratio is currently 4.1 days.

Ninepoint North American Energy Independence ETF Price Performance

Shares of ENRG stock traded up $0.07 during trading hours on Monday, reaching $20.08. The stock had a trading volume of 557 shares, compared to its average volume of 76,648. Ninepoint North American Energy Independence ETF has a twelve month low of $18.98 and a twelve month high of $20.10. The firm has a 50-day simple moving average of $15.96 and a 200-day simple moving average of $13.23. The firm has a market capitalization of $37.75 million, a PE ratio of 19.36 and a beta of 1.48.

About Ninepoint North American Energy Independence ETF

The SoFi Smart Energy ETF (ENRG) is an exchange-traded fund that is based on the iClima Distributed Renewable Energy index. The fund tracks an equal-weighted index of global companies of any market size that enable the practice of distributed energy generation. ENRG was launched on Aug 9, 2022 and is managed by SoFi.