iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Significant Decrease in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,134 shares, a drop of 60.5% from the September 15th total of 5,409 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 14,313 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of iShares Energy Storage & Materials ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC raised its stake in shares of iShares Energy Storage & Materials ETF by 204.9% during the second quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock worth $56,000 after purchasing an additional 832 shares during the last quarter. CX Institutional purchased a new stake in iShares Energy Storage & Materials ETF in the 2nd quarter valued at approximately $80,000. Glassman Wealth Services purchased a new position in shares of iShares Energy Storage & Materials ETF during the 1st quarter worth approximately $154,000. 4WEALTH Advisors Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter valued at approximately $218,000. Finally, Sanctuary Advisors LLC purchased a new position in iShares Energy Storage & Materials ETF in the first quarter worth $230,000.

iShares Energy Storage & Materials ETF Price Performance

iShares Energy Storage & Materials ETF stock opened at $37.95 on Thursday. The stock has a market cap of $59.20 million, a PE ratio of 18.48 and a beta of 1.57. The stock’s fifty day moving average is $40.76 and its two-hundred day moving average is $41.32. iShares Energy Storage & Materials ETF has a 1-year low of $27.85 and a 1-year high of $48.15.

iShares Energy Storage & Materials ETF Company Profile

(Get Free Report)

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.

Further Reading

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