SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Sees Significant Increase in Short Interest

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,600 shares, an increase of 48.4% from the September 30th total of 3,100 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 0.5 days.

SPDR S&P Kensho Clean Power ETF Trading Up 0.6%

CNRG stock traded up $0.59 during midday trading on Monday, reaching $101.63. The stock had a trading volume of 17,597 shares, compared to its average volume of 14,518. SPDR S&P Kensho Clean Power ETF has a 52-week low of $43.34 and a 52-week high of $102.64. The company’s fifty day simple moving average is $85.91 and its 200 day simple moving average is $69.53. The company has a market cap of $208.34 million, a price-to-earnings ratio of 20.46 and a beta of 1.34.

Hedge Funds Weigh In On SPDR S&P Kensho Clean Power ETF

Several hedge funds and other institutional investors have recently modified their holdings of CNRG. Mirae Asset Global Investments Co. Ltd. grew its stake in SPDR S&P Kensho Clean Power ETF by 107.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,060 shares of the company’s stock valued at $54,000 after acquiring an additional 549 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of SPDR S&P Kensho Clean Power ETF by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,849 shares of the company’s stock worth $109,000 after purchasing an additional 176 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P Kensho Clean Power ETF in the second quarter valued at approximately $189,000. BOS Asset Management LLC grew its position in shares of SPDR S&P Kensho Clean Power ETF by 11.7% in the first quarter. BOS Asset Management LLC now owns 4,070 shares of the company’s stock valued at $205,000 after purchasing an additional 425 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of SPDR S&P Kensho Clean Power ETF in the second quarter valued at approximately $226,000.

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.