ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) Sees Significant Decrease in Short Interest

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,668 shares, a decrease of 42.1% from the June 15th total of 6,331 shares. Based on an average daily volume of 2,018 shares, the short-interest ratio is currently 1.8 days. Approximately 2.4% of the shares of the company are short sold.

ProShares S&P Kensho Cleantech ETF Stock Performance

Shares of NYSEARCA:CTEX traded up $0.35 on Friday, hitting $36.26. 1,776 shares of the company were exchanged, compared to its average volume of 2,104. The company’s 50 day moving average price is $43.21 and its two-hundred day moving average price is $39.56. ProShares S&P Kensho Cleantech ETF has a one year low of $23.50 and a one year high of $51.50. The firm has a market capitalization of $5.44 million, a price-to-earnings ratio of 21.78 and a beta of 1.72.

Institutional Investors Weigh In On ProShares S&P Kensho Cleantech ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in ProShares S&P Kensho Cleantech ETF in the 3rd 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 worth $368,000. Finally, SG Americas Securities LLC lifted 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 worth $766,000 after purchasing an additional 10,317 shares during the period.

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.