iShares Global Clean Energy ETF (NASDAQ:ICLN – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 6,148,963 shares, a decline of 42.6% from the April 30th total of 10,717,258 shares. Based on an average trading volume of 7,631,612 shares, the short-interest ratio is currently 0.8 days. Approximately 5.1% of the shares of the stock are short sold.
iShares Global Clean Energy ETF Stock Performance
Shares of NASDAQ ICLN remained flat at $23.04 during midday trading on Tuesday. The company’s stock had a trading volume of 5,993,100 shares, compared to its average volume of 5,800,335. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 17.16 and a beta of 1.04. The business’s 50 day moving average price is $20.17 and its 200-day moving average price is $18.49. iShares Global Clean Energy ETF has a 12 month low of $12.47 and a 12 month high of $23.78.
Hedge Funds Weigh In On iShares Global Clean Energy ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in iShares Global Clean Energy ETF by 75,167.1% in the fourth quarter. Assetmark Inc. now owns 2,906,061 shares of the company’s stock valued at $47,747,000 after buying an additional 2,902,200 shares in the last quarter. Natural Investments LLC acquired a new position in shares of iShares Global Clean Energy ETF during the fourth quarter worth approximately $627,000. Apella Capital LLC bought a new stake in shares of iShares Global Clean Energy ETF during the fourth quarter worth approximately $642,000. Tudor Investment Corp ET AL raised its stake in shares of iShares Global Clean Energy ETF by 173.0% during the third quarter. Tudor Investment Corp ET AL now owns 306,734 shares of the company’s stock worth $4,748,000 after buying an additional 194,392 shares during the last quarter. Finally, Washington Growth Strategies LLC raised its stake in shares of iShares Global Clean Energy ETF by 96.5% during the fourth quarter. Washington Growth Strategies LLC now owns 73,648 shares of the company’s stock worth $1,210,000 after buying an additional 36,177 shares during the last quarter.
iShares Global Clean Energy ETF Company Profile
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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