Short Interest in Nomura Energy Transition ETF (NYSEARCA:PWER) Grows By 164.7%

Nomura Energy Transition ETF (NYSEARCA:PWER) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,562 shares, an increase of 164.7% from the May 14th total of 590 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 438 shares, the days-to-cover ratio is presently 3.6 days.

Nomura Energy Transition ETF Stock Up 1.5%

Shares of PWER stock traded up $0.65 on Friday, reaching $43.74. The stock had a trading volume of 442 shares, compared to its average volume of 1,000. The firm has a market capitalization of $12.25 million, a price-to-earnings ratio of 190.17 and a beta of 0.78. Nomura Energy Transition ETF has a 12 month low of $28.14 and a 12 month high of $46.60. The firm’s 50-day moving average is $42.92 and its two-hundred day moving average is $39.52.

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.