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

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 1,416 shares, a decline of 43.1% from the March 15th total of 2,490 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,492 shares, the days-to-cover ratio is currently 0.4 days.

ProShares S&P Kensho Cleantech ETF Stock Performance

ProShares S&P Kensho Cleantech ETF stock traded up $0.22 on Monday, reaching $36.10. The company’s stock had a trading volume of 2,204 shares, compared to its average volume of 2,403. ProShares S&P Kensho Cleantech ETF has a twelve month low of $15.61 and a twelve month high of $41.84. The company has a market cap of $6.14 million, a price-to-earnings ratio of 21.78 and a beta of 1.67. The business’s fifty day moving average price is $36.70 and its 200 day moving average price is $36.54.

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

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in shares of ProShares S&P Kensho Cleantech ETF during the third quarter worth about $215,000. Jane Street Group LLC bought a new position in shares of ProShares S&P Kensho Cleantech ETF during the fourth quarter worth about $368,000. Finally, SG Americas Securities LLC grew its holdings in shares of ProShares S&P Kensho Cleantech ETF by 90.2% during the fourth quarter. SG Americas Securities LLC now owns 21,760 shares of the company’s stock worth $766,000 after buying an additional 10,317 shares in the last quarter.

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.