Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Decreases By 65.5%

ALPS Clean Energy ETF (NYSEARCA:ACES) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 38,497 shares, a decline of 65.5% from the May 31st total of 111,537 shares. Based on an average trading volume of 64,641 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the company are sold short.

ALPS Clean Energy ETF Stock Performance

NYSEARCA ACES traded up $0.59 on Tuesday, reaching $35.45. The stock had a trading volume of 64,607 shares, compared to its average volume of 87,726. The stock has a market cap of $125.85 million, a P/E ratio of 21.11 and a beta of 1.40. ALPS Clean Energy ETF has a 12-month low of $25.28 and a 12-month high of $43.00. The business’s 50-day moving average price is $37.30 and its 200 day moving average price is $35.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of ALPS Clean Energy ETF in the fourth quarter valued at approximately $61,000. Raymond James Financial Inc. purchased a new position in ALPS Clean Energy ETF in the second quarter worth $96,000. Cetera Investment Advisers purchased a new position in ALPS Clean Energy ETF in the first quarter worth $212,000. Virtu Financial LLC purchased a new position in ALPS Clean Energy ETF in the fourth quarter worth $384,000. Finally, Waystone Advisors LLC acquired a new stake in ALPS Clean Energy ETF in the fourth quarter valued at $408,000.

About ALPS Clean Energy ETF

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.