Nomura Energy Transition ETF (NYSEARCA:PWER) Short Interest Up 71.5% in August

Nomura Energy Transition ETF (NYSEARCA:PWER) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,243 shares, a growth of 71.5% from the July 30th total of 1,308 shares. Based on an average daily volume of 1,320 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.8% of the company’s stock are sold short.

Nomura Energy Transition ETF Stock Performance

NYSEARCA PWER traded down $0.22 during trading hours on Monday, reaching $45.74. 265 shares of the company’s stock were exchanged, compared to its average volume of 1,004. The company’s 50-day moving average is $42.55 and its two-hundred day moving average is $42.03. Nomura Energy Transition ETF has a one year low of $30.58 and a one year high of $46.73. The company has a market capitalization of $12.81 million, a price-to-earnings ratio of 198.87 and a beta of 0.84.

About Nomura Energy Transition ETF

The Macquarie Energy Transition ETF (PWER) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in global companies across various sectors that facilitate transition to low carbon energy sources and lower emission power production. PWER was launched on Nov 28, 2023 and is issued by Macquarie.