iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,409 shares, a growth of 61.8% from the August 31st total of 3,343 shares. Based on an average daily trading volume, of 15,315 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.
Institutional Trading of iShares Energy Storage & Materials ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF in the second quarter worth about $4,221,000. Midwest Financial Partners Investments Inc. boosted its position in iShares Energy Storage & Materials ETF by 3.9% during the 1st quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock valued at $1,877,000 after purchasing an additional 2,048 shares during the period. Citadel Advisors LLC increased its stake in shares of iShares Energy Storage & Materials ETF by 5.9% in the second quarter. Citadel Advisors LLC now owns 18,112 shares of the company’s stock valued at $816,000 after purchasing an additional 1,005 shares during the period. Sanctuary Advisors LLC acquired a new stake in iShares Energy Storage & Materials ETF in the first quarter worth about $230,000. Finally, 4WEALTH Advisors Inc. acquired a new position in iShares Energy Storage & Materials ETF during the first quarter worth about $218,000.
iShares Energy Storage & Materials ETF Stock Up 0.4%
Shares of iShares Energy Storage & Materials ETF stock opened at $40.62 on Friday. iShares Energy Storage & Materials ETF has a 52-week low of $27.80 and a 52-week high of $48.15. The company’s 50-day simple moving average is $40.17 and its 200-day simple moving average is $40.83. The firm has a market cap of $63.37 million, a price-to-earnings ratio of 18.48 and a beta of 1.58.
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.
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