SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Update

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 9,930 shares, an increase of 248.5% from the November 30th total of 2,849 shares. Based on an average daily trading volume, of 23,075 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 23,075 shares, the days-to-cover ratio is presently 0.4 days.

SPDR S&P Kensho Clean Power ETF Stock Up 0.5%

Shares of SPDR S&P Kensho Clean Power ETF stock traded up $0.46 on Thursday, hitting $92.80. 6,407 shares of the company’s stock traded hands, compared to its average volume of 17,077. SPDR S&P Kensho Clean Power ETF has a 52-week low of $43.34 and a 52-week high of $106.94. The stock has a market cap of $190.24 million, a P/E ratio of 20.46 and a beta of 1.34. The firm’s 50-day moving average is $95.24 and its 200 day moving average is $79.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in SPDR S&P Kensho Clean Power ETF by 19.4% during the 3rd quarter. Bank of America Corp DE now owns 73,702 shares of the company’s stock worth $6,204,000 after acquiring an additional 11,957 shares during the period. Ameriprise Financial Inc. boosted its stake 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 valued at $2,876,000 after buying an additional 2,554 shares in the last quarter. Lido Advisors LLC acquired a new position in SPDR S&P Kensho Clean Power ETF in the third quarter worth approximately $3,208,000. Exchange Capital Management Inc. raised its holdings in SPDR S&P Kensho Clean Power ETF by 28.7% during the 2nd quarter. Exchange Capital Management Inc. now owns 36,344 shares of the company’s stock worth $2,160,000 after buying an additional 8,112 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of SPDR S&P Kensho Clean Power ETF during the third quarter valued at approximately $665,000.

About SPDR S&P Kensho Clean Power ETF

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.