SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Up 117.5% in December

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 21,600 shares, a growth of 117.5% from the December 15th total of 9,930 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 13,580 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 13,580 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Trading of SPDR S&P Kensho Clean Power ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNRG. Osaic Holdings Inc. increased its holdings in shares of SPDR S&P Kensho Clean Power ETF by 10.5% in the second quarter. Osaic Holdings Inc. now owns 1,849 shares of the company’s stock valued at $109,000 after purchasing an additional 176 shares during the period. BOS Asset Management LLC increased its holdings in SPDR S&P Kensho Clean Power ETF by 6.6% in the 2nd quarter. BOS Asset Management LLC now owns 4,339 shares of the company’s stock worth $258,000 after buying an additional 269 shares during the period. Advisors Preferred LLC purchased a new position in SPDR S&P Kensho Clean Power ETF during the 3rd quarter worth approximately $224,000. Ameriprise Financial Inc. lifted its stake in SPDR S&P Kensho Clean Power ETF by 5.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 48,401 shares of the company’s stock valued at $2,876,000 after acquiring an additional 2,554 shares during the period. Finally, Fulcrum Equity Management acquired a new stake in SPDR S&P Kensho Clean Power ETF during the 4th quarter valued at approximately $247,000.

SPDR S&P Kensho Clean Power ETF Price Performance

NYSEARCA:CNRG traded down $0.73 during trading hours on Wednesday, hitting $96.59. 4,573 shares of the company were exchanged, compared to its average volume of 8,830. SPDR S&P Kensho Clean Power ETF has a 52-week low of $43.34 and a 52-week high of $106.94. The stock has a market capitalization of $201.87 million, a price-to-earnings ratio of 20.46 and a beta of 1.34. The company’s 50 day moving average price is $94.08 and its 200-day moving average price is $83.42.

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.