SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Down 93.4% in June

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,984 shares, a decline of 93.4% from the May 31st total of 44,913 shares. Based on an average daily trading volume, of 17,764 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

SPDR S&P Kensho Clean Power ETF Price Performance

Shares of NYSEARCA:CNRG traded down $0.10 on Thursday, hitting $108.80. The company’s stock had a trading volume of 9,364 shares, compared to its average volume of 9,371. The company has a market capitalization of $232.83 million, a PE ratio of 20.46 and a beta of 1.41. The company has a 50-day simple moving average of $109.55 and a 200 day simple moving average of $100.09. SPDR S&P Kensho Clean Power ETF has a 1 year low of $58.33 and a 1 year high of $125.76.

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

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of SPDR S&P Kensho Clean Power ETF by 4.0% in the 1st quarter. Bank of America Corp DE now owns 89,718 shares of the company’s stock worth $8,103,000 after buying an additional 3,485 shares during the last quarter. Wealthfront Advisers LLC grew its position in SPDR S&P Kensho Clean Power ETF by 18.0% in the first quarter. Wealthfront Advisers LLC now owns 3,582 shares of the company’s stock worth $324,000 after acquiring an additional 546 shares in the last quarter. Advisors Preferred LLC grew its position in SPDR S&P Kensho Clean Power ETF by 109.8% in the first quarter. Advisors Preferred LLC now owns 831 shares of the company’s stock worth $75,000 after acquiring an additional 435 shares in the last quarter. AdvisorNet Financial Inc increased its stake in SPDR S&P Kensho Clean Power ETF by 70.3% in the first quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock valued at $36,000 after acquiring an additional 163 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC purchased a new stake in SPDR S&P Kensho Clean Power ETF during the first quarter valued at 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.