Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG) Sees Large Decline in Short Interest

Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 674 shares, a drop of 87.9% from the October 15th total of 5,574 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 640 shares, the days-to-cover ratio is presently 1.1 days.

Ninepoint North American Energy Independence ETF Price Performance

Ninepoint North American Energy Independence ETF stock traded up $0.03 during trading hours on Friday, reaching $18.85. The stock had a trading volume of 8,583 shares, compared to its average volume of 49,252. The company has a market cap of $34.69 million, a price-to-earnings ratio of 19.36 and a beta of 1.38. The business’s 50 day moving average price is $17.75 and its 200-day moving average price is $13.68. Ninepoint North American Energy Independence ETF has a 52 week low of $18.09 and a 52 week high of $20.37.

About Ninepoint North American Energy Independence ETF

The SoFi Smart Energy ETF (ENRG) is an exchange-traded fund that is based on the iClima Distributed Renewable Energy index. The fund tracks an equal-weighted index of global companies of any market size that enable the practice of distributed energy generation. ENRG was launched on Aug 9, 2022 and is managed by SoFi.