iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Update

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,957 shares, a decline of 94.9% from the July 15th total of 38,687 shares. Based on an average daily volume of 39,655 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of iShares Energy Storage & Materials ETF

Several institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC grew its holdings in iShares Energy Storage & Materials ETF by 204.9% during the 2nd quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock worth $56,000 after acquiring an additional 832 shares in the last quarter. CX Institutional acquired a new stake in shares of iShares Energy Storage & Materials ETF in the 2nd quarter valued at about $80,000. Midwest Financial Partners Investments Inc. lifted its position in shares of iShares Energy Storage & Materials ETF by 3.9% during the first quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock worth $1,877,000 after purchasing an additional 2,048 shares during the last quarter. Glassman Wealth Services bought a new position in shares of iShares Energy Storage & Materials ETF during the first quarter worth about $154,000. Finally, 4WEALTH Advisors Inc. acquired a new position in iShares Energy Storage & Materials ETF in the first quarter worth about $218,000.

iShares Energy Storage & Materials ETF Stock Up 0.3%

Shares of IBAT traded up $0.13 during trading on Tuesday, reaching $40.69. The company’s stock had a trading volume of 9,133 shares, compared to its average volume of 37,932. The company has a fifty day moving average of $41.91 and a two-hundred day moving average of $39.07. iShares Energy Storage & Materials ETF has a twelve month low of $24.44 and a twelve month high of $48.15. The company has a market cap of $73.24 million, a price-to-earnings ratio of 18.48 and a beta of 1.56.

iShares Energy Storage & Materials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.1833 dividend. The ex-dividend date was Monday, June 15th.

About iShares Energy Storage & Materials ETF

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.