ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Short Interest Up 70.0% in May

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 3,476 shares, a growth of 70.0% from the April 30th total of 2,045 shares. Based on an average daily volume of 1,688 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.3% of the company’s stock are sold short.

ProShares S&P Kensho Cleantech ETF Stock Performance

CTEX stock traded down $1.30 during mid-day trading on Wednesday, hitting $50.09. 1,465 shares of the company were exchanged, compared to its average volume of 2,234. ProShares S&P Kensho Cleantech ETF has a 1-year low of $19.65 and a 1-year high of $51.50. The firm’s 50 day simple moving average is $39.69 and its 200 day simple moving average is $38.09. The firm has a market cap of $7.51 million, a P/E ratio of 21.78 and a beta of 1.67.

Institutional Trading of ProShares S&P Kensho Cleantech ETF

A number of institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new stake in shares of ProShares S&P Kensho Cleantech ETF in the third quarter valued at approximately $215,000. Jane Street Group LLC bought a new position in ProShares S&P Kensho Cleantech ETF in the fourth quarter valued at $368,000. Finally, SG Americas Securities LLC grew its position in ProShares S&P Kensho Cleantech ETF by 90.2% in the fourth quarter. SG Americas Securities LLC now owns 21,760 shares of the company’s stock valued at $766,000 after purchasing an additional 10,317 shares in the last quarter.

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.