ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Shares Shorted: Short Interest Down 47.4% in September

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 509 shares, a decline of 47.4% from the September 15th total of 967 shares. Based on an average daily volume of 983 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares S&P Kensho Cleantech ETF

An institutional investor recently raised its position in ProShares S&P Kensho Cleantech ETF stock. Citadel Advisors LLC raised its stake in ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) by 17.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,892 shares of the company’s stock after purchasing an additional 3,232 shares during the quarter. Citadel Advisors LLC owned about 14.59% of ProShares S&P Kensho Cleantech ETF worth $965,000 at the end of the most recent quarter.

ProShares S&P Kensho Cleantech ETF Price Performance

CTEX remained flat at $30.01 on Thursday. ProShares S&P Kensho Cleantech ETF has a 12 month low of $30.01 and a 12 month high of $51.50. The company has a 50 day simple moving average of $32.28 and a two-hundred day simple moving average of $37.29. The stock has a market cap of $4.50 million, a price-to-earnings ratio of 21.78 and a beta of 1.73.

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.