iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 13,308 shares, an increase of 523.6% from the September 30th total of 2,134 shares. Based on an average trading volume of 12,373 shares, the short-interest ratio is presently 1.1 days. Approximately 0.9% of the shares of the company are short sold.
Hedge Funds Weigh In On iShares Energy Storage & Materials ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC increased its position in iShares Energy Storage & Materials ETF by 204.9% in the 2nd quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock valued at $56,000 after acquiring an additional 832 shares during the period. CX Institutional bought a new position in shares of iShares Energy Storage & Materials ETF in the second quarter worth $80,000. Glassman Wealth Services bought a new position in shares of iShares Energy Storage & Materials ETF in the first quarter worth $154,000. 4WEALTH Advisors Inc. increased its holdings in shares of iShares Energy Storage & Materials ETF by 8.0% during the third quarter. 4WEALTH Advisors Inc. now owns 5,892 shares of the company’s stock valued at $238,000 after purchasing an additional 434 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of iShares Energy Storage & Materials ETF during the first quarter valued at $230,000.
iShares Energy Storage & Materials ETF Trading Up 2.4%
iShares Energy Storage & Materials ETF stock traded up $0.89 during midday trading on Tuesday, reaching $37.02. 9,531 shares of the stock traded hands, compared to its average volume of 32,245. iShares Energy Storage & Materials ETF has a fifty-two week low of $27.85 and a fifty-two week high of $48.15. The firm has a market cap of $57.76 million, a price-to-earnings ratio of 18.48 and a beta of 1.57. The firm has a fifty day moving average price of $40.17 and a two-hundred day moving average price of $38.94.
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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