iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Large Decrease in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,300 shares, a drop of 45.8% from the January 31st total of 2,400 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 1.4 days.

iShares Energy Storage & Materials ETF Stock Performance

Shares of iShares Energy Storage & Materials ETF stock traded down $0.25 during trading on Friday, hitting $22.03. 609 shares of the company’s stock were exchanged, compared to its average volume of 1,154. The business has a 50-day simple moving average of $22.27 and a 200-day simple moving average of $23.43. iShares Energy Storage & Materials ETF has a 52-week low of $21.37 and a 52-week high of $26.08. The stock has a market capitalization of $6.17 million, a price-to-earnings ratio of 21.35 and a beta of 1.08.

iShares Energy Storage & Materials ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.12 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 2.90% of iShares Energy Storage & Materials ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About iShares Energy Storage & Materials ETF

The iShares Energy Storage & Materials ETF (IBAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a price-weighted index of companies involved in energy storage solutions around the globe. The fund seeks to provide long-term growth opportunities from companies involved in the transition to a low-carbon economy.