ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Down 35.9% in June

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 24,688 shares, a decline of 35.9% from the June 15th total of 38,497 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 70,932 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ALPS Clean Energy ETF

Several hedge funds have recently bought and sold shares of ACES. Kestra Advisory Services LLC acquired a new stake in shares of ALPS Clean Energy ETF during the 4th quarter worth approximately $61,000. Raymond James Financial Inc. acquired a new position in shares of ALPS Clean Energy ETF in the 2nd quarter valued at $96,000. Cetera Investment Advisers purchased a new stake in ALPS Clean Energy ETF during the first quarter worth $212,000. Virtu Financial LLC purchased a new stake in ALPS Clean Energy ETF during the fourth quarter worth $384,000. Finally, Waystone Advisors LLC acquired a new stake in ALPS Clean Energy ETF during the fourth quarter valued at $408,000.

ALPS Clean Energy ETF Stock Performance

ALPS Clean Energy ETF stock traded up $0.32 during midday trading on Friday, hitting $32.70. 34,282 shares of the company were exchanged, compared to its average volume of 88,319. The firm has a market capitalization of $117.07 million, a PE ratio of 21.11 and a beta of 1.42. ALPS Clean Energy ETF has a fifty-two week low of $26.24 and a fifty-two week high of $43.00. The business has a fifty day simple moving average of $36.85 and a two-hundred day simple moving average of $35.33.

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.