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

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 87,937 shares, an increase of 256.2% from the June 30th total of 24,688 shares. Based on an average daily volume of 105,105 shares, the short-interest ratio is currently 0.8 days. Currently, 2.5% of the shares of the stock are sold short.

ALPS Clean Energy ETF Stock Down 1.5%

ALPS Clean Energy ETF stock traded down $0.45 during mid-day trading on Tuesday, hitting $30.29. The company’s stock had a trading volume of 63,864 shares, compared to its average volume of 86,384. The stock has a market capitalization of $108.44 million, a P/E ratio of 21.11 and a beta of 1.42. ALPS Clean Energy ETF has a twelve month low of $26.24 and a twelve month high of $43.00. The stock’s fifty day moving average price is $36.01 and its two-hundred day moving average price is $35.25.

Hedge Funds Weigh In On ALPS Clean Energy ETF

A number of hedge funds have recently modified their holdings of ACES. Kestra Advisory Services LLC acquired a new stake in shares of ALPS Clean Energy ETF during the fourth quarter worth $61,000. Raymond James Financial Inc. purchased a new position in ALPS Clean Energy ETF in the 2nd quarter worth about $96,000. Cetera Investment Advisers purchased a new position in ALPS Clean Energy ETF in the 1st quarter worth about $212,000. Virtu Financial LLC acquired a new stake in ALPS Clean Energy ETF during the 4th quarter worth about $384,000. Finally, Waystone Advisors LLC purchased a new stake in ALPS Clean Energy ETF during the fourth quarter valued at about $408,000.

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.