Nomura Energy Transition ETF (NYSEARCA:PWER) Sees Significant Growth in Short Interest

Nomura Energy Transition ETF (NYSEARCA:PWER) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,608 shares, a growth of 49.2% from the February 26th total of 1,748 shares. Based on an average daily trading volume, of 806 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.0% of the shares of the company are short sold.

Nomura Energy Transition ETF Price Performance

PWER stock opened at $39.79 on Monday. The firm’s fifty day simple moving average is $39.57 and its 200-day simple moving average is $35.86. The company has a market capitalization of $9.95 million, a P/E ratio of 173.00 and a beta of 1.06. Nomura Energy Transition ETF has a 12 month low of $21.30 and a 12 month high of $41.72.

Nomura Energy Transition ETF Company Profile

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.