iShares Global Clean Energy ETF (NASDAQ:ICLN) Short Interest Up 13.7% in November

iShares Global Clean Energy ETF (NASDAQ:ICLN) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,240,000 shares, a growth of 13.7% from the October 31st total of 7,250,000 shares. Based on an average daily trading volume, of 3,080,700 shares, the short-interest ratio is presently 2.7 days.

iShares Global Clean Energy ETF Trading Up 0.3 %

iShares Global Clean Energy ETF stock traded up $0.04 during mid-day trading on Monday, hitting $12.43. The stock had a trading volume of 2,541,133 shares, compared to its average volume of 3,269,168. The firm has a market capitalization of $1.82 billion, a P/E ratio of 14.91 and a beta of 1.09. The firm’s 50 day moving average is $13.21 and its 200 day moving average is $13.84. iShares Global Clean Energy ETF has a one year low of $11.92 and a one year high of $15.81.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sage Mountain Advisors LLC lifted its stake in iShares Global Clean Energy ETF by 1,628.7% in the 2nd quarter. Sage Mountain Advisors LLC now owns 2,109 shares of the company’s stock worth $28,000 after purchasing an additional 1,987 shares in the last quarter. Phillips Financial Management LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the 3rd quarter valued at about $28,000. Olistico Wealth LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the 2nd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the 2nd quarter valued at about $31,000. Finally, Headlands Technologies LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the 2nd quarter valued at about $31,000.

About iShares Global Clean Energy ETF

iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers.