Why the ASX’s most shorted share is a clean energy ETF

Earlier this month, we covered a new exchange-traded fund (ETF) set to hit the ASX boards in the ‘near future’.

That ETF was the VanEck Vectors Global Clean Energy ETF (ASX: CLNE), and it indeed listed on the ASX as of 10 March. 

And it’s been a pretty good debut so far. At the time of writing, this ETF is up 1.43% from its initial public offering (IPO) price. At one point last week, it was up almost 6%.

Investing in global, clean energy with an investment that is on the up, what’s not to like?

Well, quite a bit, says a new report from the Australian Financial Review (AFR) today.

According to the AFR, this Global Clean Energy ETF is now the most shorted share on the entire ASX. If you’re not familiar with short selling,…