iShares Global Clean Energy ETF (NASDAQ:ICLN – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 2,223,770 shares, a drop of 41.0% from the September 30th total of 3,770,923 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,340,212 shares, the short-interest ratio is presently 0.4 days.
iShares Global Clean Energy ETF Trading Down 2.4%
NASDAQ:ICLN traded down $0.38 during trading hours on Friday, hitting $15.31. The stock had a trading volume of 6,592,334 shares, compared to its average volume of 5,944,982. The company has a market cap of $1.94 billion, a PE ratio of 17.16 and a beta of 1.10. The business has a 50 day simple moving average of $17.09 and a two-hundred day simple moving average of $18.75. iShares Global Clean Energy ETF has a 1-year low of $15.18 and a 1-year high of $23.78.
Hedge Funds Weigh In On iShares Global Clean Energy ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cidel Asset Management Inc. bought a new position in iShares Global Clean Energy ETF in the second quarter valued at about $2,561,000. Nan Shan Life Insurance Co. Ltd. bought a new stake in iShares Global Clean Energy ETF in the 2nd quarter valued at $6,048,000. Agur Provident & Training Funds Management Ltd. acquired a new stake in iShares Global Clean Energy ETF during the second quarter worth about $10,353,000. Ehrlich Financial Group bought a new stake in shares of iShares Global Clean Energy ETF during the second quarter worth $753,000. Finally, One Capital Management LLC acquired a new position in shares of iShares Global Clean Energy ETF in the 2nd quarter worth approximately $1,276,000.
About iShares Global Clean Energy ETF
iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.
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