ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Sees Significant Increase in Short Interest

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 6,331 shares, a growth of 88.8% from the May 31st total of 3,354 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average daily volume of 2,402 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On ProShares S&P Kensho Cleantech ETF

Several institutional investors and hedge funds have recently made changes to their positions in CTEX. Susquehanna International Group LLP bought a new stake in ProShares S&P Kensho Cleantech ETF during the third quarter worth about $215,000. Jane Street Group LLC bought a new position in shares of ProShares S&P Kensho Cleantech ETF in the fourth quarter valued at approximately $368,000. Finally, SG Americas Securities LLC boosted its holdings in shares of 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 acquiring an additional 10,317 shares in the last quarter.

ProShares S&P Kensho Cleantech ETF Price Performance

Shares of NYSEARCA CTEX traded down $2.13 during mid-day trading on Thursday, hitting $40.21. The company had a trading volume of 1,295 shares, compared to its average volume of 2,221. ProShares S&P Kensho Cleantech ETF has a 12 month low of $22.99 and a 12 month high of $51.50. The firm has a market cap of $6.03 million, a P/E ratio of 21.78 and a beta of 1.72. The business’s 50-day simple moving average is $43.48 and its 200-day simple moving average is $39.44.

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.