Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG) Shares Shorted: Short Interest Up 1,125.1% in October

Ninepoint North American Energy Independence ETF (NYSEARCA:ENRG) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,574 shares, an increase of 1,125.1% from the September 30th total of 455 shares. Based on an average trading volume of 1,348 shares, the short-interest ratio is presently 4.1 days. Approximately 0.3% of the shares of the company are short sold.

Ninepoint North American Energy Independence ETF Stock Up 0.3%

Shares of NYSEARCA:ENRG traded up $0.07 during trading on Monday, hitting $20.08. 557 shares of the company traded hands, compared to its average volume of 76,648. The stock has a market capitalization of $37.75 million, a price-to-earnings ratio of 19.36 and a beta of 1.48. The business’s fifty day moving average is $15.96 and its 200-day moving average is $13.23. Ninepoint North American Energy Independence ETF has a one year low of $18.98 and a one year high of $20.10.

About Ninepoint North American Energy Independence ETF

The SoFi Smart Energy ETF (ENRG) is an exchange-traded fund that is based on the iClima Distributed Renewable Energy index. The fund tracks an equal-weighted index of global companies of any market size that enable the practice of distributed energy generation. ENRG was launched on Aug 9, 2022 and is managed by SoFi.