Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Grows By 85.8%

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 6,723 shares, a growth of 85.8% from the January 15th total of 3,619 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 56,299 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 56,299 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

ALPS Clean Energy ETF Stock Performance

Shares of NYSEARCA:ACES traded up $1.00 during mid-day trading on Friday, reaching $35.35. 60,399 shares of the company’s stock were exchanged, compared to its average volume of 49,736. ALPS Clean Energy ETF has a twelve month low of $19.92 and a twelve month high of $37.57. The firm has a market capitalization of $116.66 million, a price-to-earnings ratio of 21.11 and a beta of 1.46. The business’s fifty day moving average price is $34.60 and its 200-day moving average price is $32.71.

Institutional Trading of ALPS Clean Energy ETF

Several large investors have recently modified their holdings of the stock. Wealthfront Advisers LLC raised its position in shares of ALPS Clean Energy ETF by 265.4% during the second quarter. Wealthfront Advisers LLC now owns 96,922 shares of the company’s stock worth $2,501,000 after purchasing an additional 70,397 shares during the period. Smithfield Trust Co acquired a new position in ALPS Clean Energy ETF during the second quarter worth $36,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ALPS Clean Energy ETF by 9.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,848 shares of the company’s stock valued at $1,002,000 after buying an additional 3,320 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of ALPS Clean Energy ETF during the second quarter valued at about $3,920,000. Finally, Raymond James Financial Inc. bought a new stake in shares of ALPS Clean Energy ETF during the second quarter worth about $96,000.

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.