iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Short Interest Rises 61.8%

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,409 shares, an increase of 61.8% from the August 31st total of 3,343 shares. Based on an average daily volume of 15,315 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

iShares Energy Storage & Materials ETF Stock Up 0.1%

Shares of IBAT traded up $0.04 during trading hours on Thursday, hitting $40.49. The company had a trading volume of 764 shares, compared to its average volume of 33,916. The firm has a market cap of $63.17 million, a price-to-earnings ratio of 18.48 and a beta of 1.58. The business has a fifty day moving average of $40.15 and a 200-day moving average of $40.78. iShares Energy Storage & Materials ETF has a 12 month low of $27.80 and a 12 month high of $48.15.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC boosted its holdings in shares of iShares Energy Storage & Materials ETF by 204.9% during the second quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock worth $56,000 after acquiring an additional 832 shares during the period. CX Institutional acquired a new position in iShares Energy Storage & Materials ETF in the 2nd quarter valued at $80,000. Glassman Wealth Services acquired a new position in iShares Energy Storage & Materials ETF in the 1st quarter valued at $154,000. 4WEALTH Advisors Inc. bought a new position in iShares Energy Storage & Materials ETF during the 1st quarter worth $218,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF during the first quarter worth $230,000.

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.