iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Up 2,918.8% in June

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 45,161 shares, an increase of 2,918.8% from the June 15th total of 1,496 shares. Based on an average trading volume of 46,953 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.5% of the shares of the company are short sold.

Institutional Trading of iShares Energy Storage & Materials ETF

Institutional investors have recently modified their holdings of the company. Midwest Financial Partners Investments Inc. acquired a new position in shares of iShares Energy Storage & Materials ETF in the 4th quarter valued at $1,519,000. 4WEALTH Advisors Inc. acquired a new stake in iShares Energy Storage & Materials ETF during the first quarter valued at $218,000. Citadel Advisors LLC acquired a new stake in iShares Energy Storage & Materials ETF during the third quarter valued at $644,000. Flow Traders U.S. LLC purchased a new position in iShares Energy Storage & Materials ETF in the second quarter valued at $252,000. Finally, CoreCap Advisors LLC increased its holdings in iShares Energy Storage & Materials ETF by 204.9% in the second quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock valued at $56,000 after buying an additional 832 shares in the last quarter.

iShares Energy Storage & Materials ETF Trading Up 0.7%

Shares of NASDAQ:IBAT traded up $0.30 during trading on Friday, reaching $41.48. The company’s stock had a trading volume of 51,550 shares, compared to its average volume of 38,420. The stock has a market capitalization of $74.66 million, a PE ratio of 18.48 and a beta of 1.49. iShares Energy Storage & Materials ETF has a 12 month low of $22.55 and a 12 month high of $48.15. The firm’s 50 day simple moving average is $44.43 and its two-hundred day simple moving average is $37.59.

iShares Energy Storage & Materials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.1833 dividend. The ex-dividend date was Monday, June 15th.

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.