SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Short Interest Down 93.4% in June

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,984 shares, a drop of 93.4% from the May 31st total of 44,913 shares. Based on an average daily trading volume, of 17,764 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CNRG. Matthew Goff Investment Advisor LLC bought a new stake in SPDR S&P Kensho Clean Power ETF in the first quarter worth approximately $19,359,000. Northbridge Financial Group LLC bought a new position in shares of SPDR S&P Kensho Clean Power ETF during the 4th quarter worth approximately $536,000. Nalls Sherbakoff Group LLC bought a new position in shares of SPDR S&P Kensho Clean Power ETF during the 4th quarter worth approximately $168,000. Wealthfront Advisers LLC bought a new position in shares of SPDR S&P Kensho Clean Power ETF during the 4th quarter worth approximately $272,000. Finally, Fulcrum Equity Management acquired a new stake in shares of SPDR S&P Kensho Clean Power ETF during the 4th quarter worth approximately $247,000.

SPDR S&P Kensho Clean Power ETF Trading Down 1.8%

CNRG stock traded down $2.01 during midday trading on Friday, hitting $106.79. The stock had a trading volume of 23,203 shares, compared to its average volume of 9,484. The firm has a market cap of $228.53 million, a P/E ratio of 20.46 and a beta of 1.41. The business has a fifty day moving average price of $109.76 and a two-hundred day moving average price of $100.14. SPDR S&P Kensho Clean Power ETF has a 1-year low of $58.33 and a 1-year high of $125.76.

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.