iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Down 86.8% in June

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,496 shares, a drop of 86.8% from the May 31st total of 11,326 shares. Based on an average daily trading volume, of 58,868 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

iShares Energy Storage & Materials ETF Trading Down 4.5%

Shares of IBAT stock traded down $2.00 during trading hours on Friday, hitting $42.57. The company’s stock had a trading volume of 50,039 shares, compared to its average volume of 38,707. The company has a 50 day moving average of $44.02 and a 200 day moving average of $36.67. The stock has a market cap of $64.71 million, a PE ratio of 18.48 and a beta of 1.46. iShares Energy Storage & Materials ETF has a 12-month low of $21.85 and a 12-month high of $48.15.

iShares Energy Storage & Materials ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.1833 per share. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glassman Wealth Services acquired a new position in shares of iShares Energy Storage & Materials ETF in the 1st quarter valued at about $154,000. 4WEALTH Advisors Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $218,000. Sanctuary Advisors LLC acquired a new stake in iShares Energy Storage & Materials ETF during the first quarter worth about $230,000. Flow Traders U.S. LLC acquired a new stake in iShares Energy Storage & Materials ETF during the second quarter worth about $252,000. Finally, Citadel Advisors LLC purchased a new position in iShares Energy Storage & Materials ETF during the third quarter valued at approximately $644,000.

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.