iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 6,008 shares, a drop of 72.9% from the April 15th total of 22,182 shares. Based on an average daily volume of 45,033 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short.
Hedge Funds Weigh In On iShares Energy Storage & Materials ETF
A number of large investors have recently bought and sold shares of IBAT. Guardian Capital LP bought a new stake in shares of iShares Energy Storage & Materials ETF during the third quarter valued at approximately $1,663,000. Midwest Financial Partners Investments Inc. raised its holdings in shares of iShares Energy Storage & Materials ETF by 3.9% during the first quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock valued at $1,877,000 after buying an additional 2,048 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of iShares Energy Storage & Materials ETF during the third quarter valued at approximately $644,000. Flow Traders U.S. LLC bought a new stake in shares of iShares Energy Storage & Materials ETF during the second quarter valued at approximately $252,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of iShares Energy Storage & Materials ETF during the first quarter valued at approximately $230,000.
iShares Energy Storage & Materials ETF Stock Performance
Shares of IBAT stock traded up $1.32 during trading hours on Wednesday, hitting $45.19. 22,002 shares of the company were exchanged, compared to its average volume of 29,979. The business’s 50-day simple moving average is $37.12 and its two-hundred day simple moving average is $33.38. iShares Energy Storage & Materials ETF has a one year low of $20.58 and a one year high of $45.25. The stock has a market capitalization of $68.69 million, a price-to-earnings ratio of 18.48 and a beta of 1.43.
About iShares Energy Storage & Materials ETF
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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