iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Down 72.9% in April

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,008 shares, a decrease of 72.9% from the April 15th total of 22,182 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 45,033 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of iShares Energy Storage & Materials ETF during the 1st quarter valued at approximately $230,000. Glassman Wealth Services purchased a new position in shares of iShares Energy Storage & Materials ETF during the 1st quarter valued at approximately $154,000. 4WEALTH Advisors Inc. purchased a new position in shares of iShares Energy Storage & Materials ETF during the 1st quarter valued at approximately $218,000. Midwest Financial Partners Investments Inc. boosted its stake in shares of iShares Energy Storage & Materials ETF by 3.9% during the 1st quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock valued at $1,877,000 after buying an additional 2,048 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of iShares Energy Storage & Materials ETF during the 3rd quarter valued at approximately $644,000.

iShares Energy Storage & Materials ETF Price Performance

NASDAQ IBAT traded down $1.38 on Friday, reaching $43.95. The company had a trading volume of 21,897 shares, compared to its average volume of 31,155. The firm has a market capitalization of $66.80 million, a PE ratio of 18.48 and a beta of 1.43. iShares Energy Storage & Materials ETF has a 1 year low of $20.58 and a 1 year high of $45.57. The firm has a 50-day moving average of $37.53 and a 200-day moving average of $33.59.

About iShares Energy Storage & Materials ETF

The iShares Energy Storage & Materials ETF (IBAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a price-weighted index of companies involved in energy storage solutions around the globe. The fund seeks to provide long-term growth opportunities from companies involved in the transition to a low-carbon economy. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.