ALPS Clean Energy ETF (NYSEARCA:ACES – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,148 shares, a decline of 51.5% from the August 15th total of 10,612 shares. Based on an average trading volume of 48,179 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.
ALPS Clean Energy ETF Trading Down 0.9%
Shares of ACES stock traded down $0.27 on Wednesday, reaching $28.68. The company had a trading volume of 12,570 shares, compared to its average volume of 81,831. The stock has a market cap of $114.69 million, a PE ratio of 21.11 and a beta of 1.44. The company has a 50-day moving average of $31.32 and a 200-day moving average of $34.08. ALPS Clean Energy ETF has a 12 month low of $28.36 and a 12 month high of $43.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of ALPS Clean Energy ETF by 9,621.8% in the fourth 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 in the last quarter. Wealthfront Advisers LLC grew its position in ALPS Clean Energy ETF by 2.2% in the first quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock valued at $3,251,000 after purchasing an additional 2,112 shares in the last quarter. Bank of America Corp DE increased its stake in ALPS Clean Energy ETF by 99.8% in the 1st quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock valued at $2,101,000 after buying an additional 31,322 shares during the last quarter. Waystone Advisors LLC increased its stake in ALPS Clean Energy ETF by 35.2% in the 1st quarter. Waystone Advisors LLC now owns 17,029 shares of the company’s stock valued at $571,000 after buying an additional 4,437 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in ALPS Clean Energy ETF during the 1st quarter worth about $212,000.
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.
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