ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Short Interest Up 13.8% in April

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 1,611 shares, a growth of 13.8% from the March 31st total of 1,416 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,230 shares, the days-to-cover ratio is presently 1.3 days.

ProShares S&P Kensho Cleantech ETF Price Performance

NYSEARCA:CTEX traded up $0.25 during trading hours on Friday, reaching $40.03. 1,040 shares of the company were exchanged, compared to its average volume of 2,446. ProShares S&P Kensho Cleantech ETF has a 1-year low of $17.35 and a 1-year high of $41.84. The business has a 50 day moving average of $36.40 and a 200 day moving average of $37.00. The company has a market capitalization of $6.00 million, a P/E ratio of 21.78 and a beta of 1.67.

Hedge Funds Weigh In On ProShares S&P Kensho Cleantech ETF

Several hedge funds have recently modified their holdings of CTEX. Susquehanna International Group LLP bought a new position in shares of ProShares S&P Kensho Cleantech ETF during the 3rd quarter worth approximately $215,000. SG Americas Securities LLC lifted its position in shares of ProShares S&P Kensho Cleantech ETF by 90.2% during the 4th quarter. SG Americas Securities LLC now owns 21,760 shares of the company’s stock worth $766,000 after buying an additional 10,317 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of ProShares S&P Kensho Cleantech ETF during the 4th quarter worth approximately $368,000.

ProShares S&P Kensho Cleantech ETF Company Profile

The ProShares S&P Kensho Cleantech ETF (CTEX) is an exchange-traded fund that is based on the S&P Kensho Cleantech index. The fund tracks an index of US-listed companies involved in the development of technologies that enable clean energy generation. Holdings are equally-weighted within tiers. CTEX was launched on Sep 29, 2021 and is managed by ProShares.