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

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

ProShares S&P Kensho Cleantech ETF Stock Performance

CTEX remained flat at $38.02 during midday trading on Thursday. 99 shares of the company’s stock were exchanged, compared to its average volume of 2,121. The company has a market capitalization of $5.70 million, a PE ratio of 21.78 and a beta of 1.72. The business’s 50-day moving average price is $43.31 and its 200-day moving average price is $39.57. ProShares S&P Kensho Cleantech ETF has a 52-week low of $22.99 and a 52-week high of $51.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new stake in ProShares S&P Kensho Cleantech ETF during the 3rd quarter valued at $215,000. Jane Street Group LLC purchased a new position in ProShares S&P Kensho Cleantech ETF during the fourth quarter valued at approximately $368,000. Finally, SG Americas Securities LLC grew its position in shares of ProShares S&P Kensho Cleantech ETF by 90.2% during the 4th 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.

ProShares S&P Kensho Cleantech ETF Company Profile

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.