ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Up 405.1% in May

ALPS Clean Energy ETF (NYSEARCA:ACES) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 92,144 shares, an increase of 405.1% from the April 30th total of 18,243 shares. Based on an average daily volume of 88,349 shares, the days-to-cover ratio is presently 1.0 days. Approximately 2.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its stake in ALPS Clean Energy ETF by 0.5% in the 4th quarter. Wealthfront Advisers LLC now owns 94,918 shares of the company’s stock valued at $3,077,000 after purchasing an additional 484 shares during the last quarter. Bank of America Corp DE raised its stake in ALPS Clean Energy ETF by 3.6% in the 2nd quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock valued at $877,000 after purchasing an additional 1,184 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in ALPS Clean Energy ETF in the 4th quarter valued at $61,000. Advisors Preferred LLC acquired a new position in ALPS Clean Energy ETF in the 3rd quarter valued at $118,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of ALPS Clean Energy ETF in the 2nd quarter worth $96,000.

ALPS Clean Energy ETF Price Performance

NYSEARCA ACES traded up $0.95 during mid-day trading on Thursday, hitting $42.10. The stock had a trading volume of 30,388 shares, compared to its average volume of 89,503. The firm’s 50 day moving average is $35.40 and its 200 day moving average is $34.53. ALPS Clean Energy ETF has a twelve month low of $23.82 and a twelve month high of $42.15. The stock has a market capitalization of $149.46 million, a price-to-earnings ratio of 21.11 and a beta of 1.36.

ALPS Clean Energy ETF Company Profile

The ALPS Clean Energy ETF (ACES) is an exchange-traded fund that is based on the CIBC Atlas Clean Energy index. The fund tracks an index of US- and Canada-listed companies in the clean energy industry. ACES was launched on Jun 29, 2018 and is managed by ALPS.