iShares Global Clean Energy ETF (NASDAQ:ICLN) Sees Large Drop in Short Interest

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 5,641,100 shares, a decrease of 43.1% from the May 31st total of 9,913,210 shares. Based on an average trading volume of 5,584,265 shares, the short-interest ratio is currently 1.0 days. Currently, 4.7% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

Several large investors have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new position in iShares Global Clean Energy ETF during the first quarter worth $169,000. NewEdge Advisors LLC raised its position in iShares Global Clean Energy ETF by 16.4% during the first quarter. NewEdge Advisors LLC now owns 16,253 shares of the company’s stock worth $297,000 after acquiring an additional 2,292 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares Global Clean Energy ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 3,769,084 shares of the company’s stock valued at $68,937,000 after acquiring an additional 103,067 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in iShares Global Clean Energy ETF in the first quarter valued at $578,000. Finally, Boreal Capital Management LLC bought a new position in shares of iShares Global Clean Energy ETF in the 1st quarter valued at about $31,000.

iShares Global Clean Energy ETF Stock Performance

NASDAQ ICLN traded down $0.31 during trading hours on Wednesday, hitting $20.18. 6,278,739 shares of the company traded hands, compared to its average volume of 5,780,455. The business’s 50-day moving average is $21.23 and its 200-day moving average is $19.12. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 17.16 and a beta of 1.07. iShares Global Clean Energy ETF has a twelve month low of $13.27 and a twelve month high of $23.78.

iShares Global Clean Energy ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0561 per share. The ex-dividend date was Monday, June 15th.

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.