Short Interest in ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Increases By 70.0%

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,476 shares, an increase of 70.0% from the April 30th total of 2,045 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,688 shares, the days-to-cover ratio is currently 2.1 days.

ProShares S&P Kensho Cleantech ETF Stock Performance

CTEX stock opened at $49.29 on Thursday. ProShares S&P Kensho Cleantech ETF has a 1 year low of $19.65 and a 1 year high of $51.50. The stock has a market capitalization of $7.39 million, a price-to-earnings ratio of 21.78 and a beta of 1.67. The stock’s fifty day moving average is $40.31 and its two-hundred day moving average is $38.29.

Institutional Trading of ProShares S&P Kensho Cleantech ETF

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its position in ProShares S&P Kensho Cleantech ETF by 90.2% in the 4th quarter. SG Americas Securities LLC now owns 21,760 shares of the company’s stock worth $766,000 after purchasing an additional 10,317 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of ProShares S&P Kensho Cleantech ETF during the fourth quarter valued at approximately $368,000. Finally, Susquehanna International Group LLP acquired a new position in shares of ProShares S&P Kensho Cleantech ETF during the third quarter worth approximately $215,000.

About ProShares S&P Kensho Cleantech ETF

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.