iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Up 32.5% in March

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,300 shares, a growth of 32.5% from the March 15th total of 4,000 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 5.9 days.

iShares Energy Storage & Materials ETF Trading Up 1.1 %

Shares of IBAT traded up $0.23 during trading hours on Friday, reaching $20.14. 70 shares of the company’s stock traded hands, compared to its average volume of 922. The firm’s 50 day simple moving average is $21.52 and its 200-day simple moving average is $22.61. The stock has a market cap of $5.64 million, a PE ratio of 18.56 and a beta of 1.08. iShares Energy Storage & Materials ETF has a 12 month low of $18.44 and a 12 month high of $26.08.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

A hedge fund recently bought a new stake in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. bought a new stake in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned about 2.90% of iShares Energy Storage & Materials ETF as of its most recent SEC filing.

iShares Energy Storage & Materials ETF Company Profile

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.