Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG) Sees Large Increase in Short Interest

Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG – Get Free Report) 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. Based on an average trading volume of 1,348 shares, the short-interest ratio is presently 4.1 days. Currently, 0.3% of the company’s shares are short sold.

Ninepoint North American Energy Independence ETF Price Performance

Shares of ENRG traded up $0.13 during midday trading on Wednesday, hitting $20.33. The stock had a trading volume of 3,394 shares, compared to its average volume of 73,716. The stock’s 50 day moving average is $16.12 and its 200 day moving average is $13.27. The firm has a market cap of $38.22 million, a PE ratio of 19.36 and a beta of 1.48. Ninepoint North American Energy Independence ETF has a 1 year low of $18.98 and a 1 year high of $20.21.

About Ninepoint North American Energy Independence ETF

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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.

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