iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Update

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,496 shares, a decline of 86.8% from the May 31st total of 11,326 shares. Based on an average daily volume of 58,868 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new position in iShares Energy Storage & Materials ETF during the 2nd quarter valued at $252,000. Guardian Capital LP acquired a new stake in shares of iShares Energy Storage & Materials ETF in the third quarter valued at $1,663,000. Citadel Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF in the third quarter valued at $644,000. Midwest Financial Partners Investments Inc. bought a new position in iShares Energy Storage & Materials ETF during the fourth quarter valued at about $1,519,000. Finally, 4WEALTH Advisors Inc. acquired a new position in iShares Energy Storage & Materials ETF during the first quarter worth about $218,000.

iShares Energy Storage & Materials ETF Trading Down 4.5%

IBAT traded down $2.00 on Friday, reaching $42.57. The company had a trading volume of 50,039 shares, compared to its average volume of 38,707. The company has a market capitalization of $64.71 million, a P/E ratio of 18.48 and a beta of 1.46. The company has a fifty day moving average of $44.02 and a 200-day moving average of $36.67. iShares Energy Storage & Materials ETF has a one year low of $21.85 and a one year high of $48.15.

iShares Energy Storage & Materials ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.1833 dividend. The ex-dividend date was Monday, June 15th.

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.