ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Down 35.9% in June

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 24,688 shares, a decrease of 35.9% from the June 15th total of 38,497 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 70,932 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ALPS Clean Energy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in ALPS Clean Energy ETF during the second quarter worth about $96,000. Jane Street Group LLC purchased a new stake in shares of ALPS Clean Energy ETF in the 2nd quarter valued at approximately $2,502,000. Bank of America Corp DE grew its stake in shares of ALPS Clean Energy ETF by 3.6% in the 2nd quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock valued at $877,000 after buying an additional 1,184 shares during the period. UBS Group AG increased its holdings in shares of ALPS Clean Energy ETF by 21.9% during the 3rd quarter. UBS Group AG now owns 24,896 shares of the company’s stock worth $795,000 after buying an additional 4,466 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of ALPS Clean Energy ETF during the 3rd quarter worth approximately $2,038,000.

ALPS Clean Energy ETF Stock Up 1.0%

Shares of ACES traded up $0.32 during midday trading on Friday, reaching $32.70. The company had a trading volume of 34,282 shares, compared to its average volume of 88,319. ALPS Clean Energy ETF has a 1-year low of $26.24 and a 1-year high of $43.00. The firm has a 50 day simple moving average of $36.85 and a 200-day simple moving average of $35.33. The stock has a market cap of $117.07 million, a PE ratio of 21.11 and a beta of 1.42.

About ALPS Clean Energy ETF

The ALPS Clean Energy ETF (ACES) is an exchange-traded fund that is based on the CIBC Atlas Clean Energy index. The fund tracks an index of US- and Canada-listed companies in the clean energy industry. ACES was launched on Jun 29, 2018 and is managed by ALPS.