ALPS Clean Energy ETF (NYSEARCA:ACES) Sees Large Decrease in Short Interest

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 22,657 shares, a decrease of 74.2% from the July 15th total of 87,937 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 81,247 shares, the short-interest ratio is presently 0.3 days.

ALPS Clean Energy ETF Price Performance

Shares of NYSEARCA:ACES traded up $0.15 during midday trading on Thursday, hitting $32.45. The company had a trading volume of 86,237 shares, compared to its average volume of 87,843. ALPS Clean Energy ETF has a twelve month low of $27.09 and a twelve month high of $43.00. The stock has a market cap of $124.28 million, a price-to-earnings ratio of 21.11 and a beta of 1.43. The business’s 50-day simple moving average is $33.92 and its 200-day simple moving average is $34.95.

Institutional Trading of ALPS Clean Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in ALPS Clean Energy ETF by 9,621.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock worth $69,009,000 after purchasing an additional 2,106,690 shares during the last quarter. Waystone Advisors LLC purchased a new position in ALPS Clean Energy ETF during the fourth quarter worth about $408,000. Wealthfront Advisers LLC boosted its holdings in ALPS Clean Energy ETF by 0.5% in the 4th quarter. Wealthfront Advisers LLC now owns 94,918 shares of the company’s stock valued at $3,077,000 after purchasing an additional 484 shares during the last quarter. Virtu Financial LLC acquired a new position in ALPS Clean Energy ETF in the 4th quarter valued at about $384,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of ALPS Clean Energy ETF in the 4th quarter valued at approximately $61,000.

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.