Short Interest in SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Expands By 158.1%

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 22,816 shares, an increase of 158.1% from the July 15th total of 8,841 shares. Based on an average daily volume of 12,160 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.1% of the company’s stock are sold short.

SPDR S&P Kensho Clean Power ETF Trading Down 0.7%

Shares of NYSEARCA CNRG opened at $95.09 on Friday. SPDR S&P Kensho Clean Power ETF has a 12-month low of $67.44 and a 12-month high of $125.76. The stock’s fifty day simple moving average is $101.83 and its two-hundred day simple moving average is $101.06. The stock has a market capitalization of $206.35 million, a PE ratio of 20.46 and a beta of 1.44.

Institutional Trading of SPDR S&P Kensho Clean Power ETF

A number of institutional investors have recently bought and sold shares of CNRG. AdvisorNet Financial Inc grew its holdings in shares of SPDR S&P Kensho Clean Power ETF by 70.3% during the first quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock valued at $36,000 after buying an additional 163 shares during the last quarter. Advisors Preferred LLC grew its stake in shares of SPDR S&P Kensho Clean Power ETF by 109.8% during the 1st quarter. Advisors Preferred LLC now owns 831 shares of the company’s stock worth $75,000 after purchasing an additional 435 shares during the period. Osaic Holdings Inc. increased its stake in shares of SPDR S&P Kensho Clean Power ETF by 10.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,849 shares of the company’s stock valued at $109,000 after purchasing an additional 176 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in SPDR S&P Kensho Clean Power ETF during the fourth quarter worth $113,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of SPDR S&P Kensho Clean Power ETF during the fourth quarter valued at approximately $168,000.

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.