Nomura Energy Transition ETF (NYSEARCA:PWER) Sees Large Growth in Short Interest

Nomura Energy Transition ETF (NYSEARCA:PWER – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 2,243 shares, an increase of 71.5% from the July 30th total of 1,308 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 1,320 shares, the short-interest ratio is currently 1.7 days.

Nomura Energy Transition ETF Price Performance

Shares of PWER traded down $0.22 during midday trading on Monday, hitting $45.74. The stock had a trading volume of 265 shares, compared to its average volume of 1,004. The company has a 50 day simple moving average of $42.55 and a two-hundred day simple moving average of $42.03. Nomura Energy Transition ETF has a twelve month low of $30.58 and a twelve month high of $46.73. The firm has a market cap of $12.81 million, a price-to-earnings ratio of 198.87 and a beta of 0.84.

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About Nomura Energy Transition ETF

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The Macquarie Energy Transition ETF (PWER) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in global companies across various sectors that facilitate transition to low carbon energy sources and lower emission power production. PWER was launched on Nov 28, 2023 and is issued by Macquarie.

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