iShares Global Clean Energy ETF (NASDAQ:ICLN) Stock Short Interest Report for October

iShares Global Clean Energy ETF (NASDAQ:ICLN) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,223,770 shares, a decline of 41.0% from the September 30th total of 3,770,923 shares. Based on an average daily trading volume, of 5,340,212 shares, the short-interest ratio is currently 0.4 days. Currently, 1.8% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICLN. Envestnet Asset Management Inc. boosted its stake in shares of iShares Global Clean Energy ETF by 289.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,887,946 shares of the company’s stock valued at $38,684,000 after purchasing an additional 1,402,558 shares during the period. Bank of Nova Scotia grew its stake in iShares Global Clean Energy ETF by 458.6% during the 1st quarter. Bank of Nova Scotia now owns 803,560 shares of the company’s stock valued at $14,697,000 after acquiring an additional 659,700 shares in the last quarter. Agur Provident & Training Funds Management Ltd. purchased a new position in iShares Global Clean Energy ETF in the second quarter worth approximately $10,353,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of iShares Global Clean Energy ETF in the second quarter valued at $6,677,000. Finally, Nan Shan Life Insurance Co. Ltd. acquired a new position in iShares Global Clean Energy ETF during the 2nd quarter worth $6,048,000.

iShares Global Clean Energy ETF Trading Down 2.4%

Shares of NASDAQ:ICLN traded down $0.38 on Friday, hitting $15.31. The company had a trading volume of 6,592,334 shares, compared to its average volume of 5,944,982. The stock has a 50 day moving average price of $17.09 and a 200 day moving average price of $18.75. iShares Global Clean Energy ETF has a 1-year low of $15.18 and a 1-year high of $23.78. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 17.16 and a beta of 1.10.

About iShares Global Clean Energy ETF

iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.