ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Update

ALPS Clean Energy ETF (NYSEARCA:ACES) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 10,612 shares, a drop of 53.2% from the July 30th total of 22,657 shares. Based on an average daily volume of 77,722 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

ALPS Clean Energy ETF Trading Down 2.4%

Shares of ACES stock traded down $0.73 during trading hours on Friday, hitting $30.31. 44,799 shares of the company’s stock were exchanged, compared to its average volume of 85,068. ALPS Clean Energy ETF has a 12-month low of $28.57 and a 12-month high of $43.00. The business’s 50 day simple moving average is $32.49 and its 200-day simple moving average is $34.56. The company has a market capitalization of $116.09 million, a PE ratio of 21.11 and a beta of 1.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in ALPS Clean Energy ETF by 99.8% during the first quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock valued at $2,101,000 after buying an additional 31,322 shares during the period. Cetera Investment Advisers bought a new stake in shares of ALPS Clean Energy ETF during the first quarter valued at approximately $212,000. Wealthfront Advisers LLC raised its holdings in ALPS Clean Energy ETF by 2.2% in the 1st quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock worth $3,251,000 after acquiring an additional 2,112 shares during the last quarter. Waystone Advisors LLC raised its holdings in ALPS Clean Energy ETF by 35.2% in the 1st quarter. Waystone Advisors LLC now owns 17,029 shares of the company’s stock worth $571,000 after acquiring an additional 4,437 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in ALPS Clean Energy ETF in the 4th quarter valued at approximately $384,000.

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.