SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Up 209.7% in May

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) saw a significant increase in short interest in 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. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 15,223 shares, the days-to-cover ratio is currently 2.2 days.

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

Shares of SPDR S&P Kensho Clean Power ETF stock traded down $0.25 during trading on Friday, reaching $121.77. The company’s stock had a trading volume of 29,317 shares, compared to its average volume of 8,524. The business’s 50-day moving average price is $101.57 and its 200-day moving average price is $97.58. The firm has a market cap of $260.59 million, a PE ratio of 20.46 and a beta of 1.37. SPDR S&P Kensho Clean Power ETF has a 52 week low of $54.52 and a 52 week high of $123.37.

Institutional Investors Weigh In On SPDR S&P Kensho Clean Power ETF

Several institutional investors and hedge funds have recently bought and sold shares of CNRG. Raymond James Financial Inc. bought a new stake in SPDR S&P Kensho Clean Power ETF during the second quarter worth about $189,000. Ameriprise Financial Inc. lifted its position in SPDR S&P Kensho Clean Power ETF by 5.6% during the second quarter. Ameriprise Financial Inc. now owns 48,401 shares of the company’s stock worth $2,876,000 after purchasing an additional 2,554 shares during the period. Osaic Holdings Inc. lifted its position in SPDR S&P Kensho Clean Power ETF by 10.5% during the second quarter. Osaic Holdings Inc. now owns 1,849 shares of the company’s stock worth $109,000 after purchasing an additional 176 shares during the period. Advisors Preferred LLC bought a new stake in SPDR S&P Kensho Clean Power ETF during the third quarter worth about $224,000. Finally, Two Sigma Investments LP bought a new stake in SPDR S&P Kensho Clean Power ETF during the third quarter worth about $665,000.

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.