ALPS Clean Energy ETF (NYSEARCA:ACES – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 22,657 shares, a decrease of 74.2% from the July 15th total of 87,937 shares. Based on an average trading volume of 81,247 shares, the short-interest ratio is currently 0.3 days. Approximately 0.6% of the company’s shares are short sold.
ALPS Clean Energy ETF Trading Up 0.5%
ALPS Clean Energy ETF stock traded up $0.15 during mid-day trading on Thursday, hitting $32.45. The company’s stock had a trading volume of 86,237 shares, compared to its average volume of 87,843. The stock’s fifty day moving average is $33.92 and its two-hundred day moving average is $34.95. The firm has a market capitalization of $124.28 million, a PE ratio of 21.11 and a beta of 1.43. ALPS Clean Energy ETF has a 1 year low of $27.09 and a 1 year high of $43.00.
Hedge Funds Weigh In On ALPS Clean Energy ETF
A number of hedge funds have recently modified their holdings of ACES. Northwestern Mutual Wealth Management Co. increased its position in shares of ALPS Clean Energy ETF by 9,621.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock worth $69,009,000 after purchasing an additional 2,106,690 shares during the last quarter. Waystone Advisors LLC purchased a new stake in ALPS Clean Energy ETF in the 4th quarter valued at about $408,000. Wealthfront Advisers LLC raised its holdings in ALPS Clean Energy ETF by 0.5% in the 4th quarter. Wealthfront Advisers LLC now owns 94,918 shares of the company’s stock valued at $3,077,000 after buying an additional 484 shares during the period. Virtu Financial LLC acquired a new position in ALPS Clean Energy ETF in the fourth quarter valued at about $384,000. Finally, Kestra Advisory Services LLC acquired a new position in ALPS Clean Energy ETF in the fourth quarter valued at about $61,000.
ALPS Clean Energy ETF Company Profile
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.
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