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

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 967 shares, a decline of 75.2% from the August 31st total of 3,892 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 890 shares, the days-to-cover ratio is currently 1.1 days.

ProShares S&P Kensho Cleantech ETF Stock Down 2.8%

Shares of NYSEARCA:CTEX traded down $0.86 during trading on Monday, hitting $30.21. The stock had a trading volume of 173 shares, compared to its average volume of 1,742. The company has a market capitalization of $4.53 million, a PE ratio of 21.78 and a beta of 1.73. The firm’s fifty day moving average is $33.40 and its 200 day moving average is $37.79. ProShares S&P Kensho Cleantech ETF has a 12 month low of $30.25 and a 12 month high of $51.50.

Institutional Inflows and Outflows

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

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.