Short Interest in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Decreases By 72.9%

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 6,008 shares, a drop of 72.9% from the April 15th total of 22,182 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 45,033 shares, the short-interest ratio is currently 0.1 days.

iShares Energy Storage & Materials ETF Stock Up 3.0%

Shares of iShares Energy Storage & Materials ETF stock traded up $1.32 during trading hours on Wednesday, hitting $45.19. 22,002 shares of the company’s stock traded hands, compared to its average volume of 29,979. The stock has a 50 day simple moving average of $37.12 and a 200-day simple moving average of $33.38. The company has a market cap of $68.69 million, a PE ratio of 18.48 and a beta of 1.43. iShares Energy Storage & Materials ETF has a twelve month low of $20.58 and a twelve month high of $45.25.

Institutional Trading of iShares Energy Storage & Materials ETF

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF during the first quarter valued at about $230,000. Glassman Wealth Services acquired a new stake in shares of iShares Energy Storage & Materials ETF during the first quarter valued at about $154,000. 4WEALTH Advisors Inc. acquired a new stake in shares of iShares Energy Storage & Materials ETF during the first quarter valued at about $218,000. Midwest Financial Partners Investments Inc. grew its stake in shares of iShares Energy Storage & Materials ETF by 3.9% during the first quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock valued at $1,877,000 after acquiring an additional 2,048 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of iShares Energy Storage & Materials ETF during the third quarter worth about $644,000.

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. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.