Short Interest in iShares Global Clean Energy ETF (NASDAQ:ICLN) Rises By 11.8%

iShares Global Clean Energy ETF (NASDAQ:ICLN) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 7,090,000 shares, a growth of 11.8% from the August 31st total of 6,340,000 shares. Based on an average daily trading volume, of 2,697,000 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

A number of large investors have recently made changes to their positions in ICLN. Perbak Capital Partners LLP purchased a new stake in iShares Global Clean Energy ETF during the 1st quarter worth about $19,510,000. Total Wealth Planning LLC increased its position in shares of iShares Global Clean Energy ETF by 10.2% during the first quarter. Total Wealth Planning LLC now owns 1,384,316 shares of the company’s stock valued at $19,353,000 after buying an additional 127,760 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of iShares Global Clean Energy ETF by 102.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,285,356 shares of the company’s stock worth $20,013,000 after buying an additional 649,413 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of iShares Global Clean Energy ETF by 9.2% in the first quarter. Commonwealth Equity Services LLC now owns 1,272,368 shares of the company’s stock valued at $17,788,000 after acquiring an additional 106,779 shares during the period. Finally, Bank of Nova Scotia grew its stake in iShares Global Clean Energy ETF by 40.1% during the fourth quarter. Bank of Nova Scotia now owns 1,271,933 shares of the company’s stock valued at $19,803,000 after acquiring an additional 364,260 shares in the last quarter.

iShares Global Clean Energy ETF Trading Down 0.5 %

ICLN opened at $14.69 on Tuesday. iShares Global Clean Energy ETF has a 12 month low of $12.72 and a 12 month high of $15.81. The company has a market cap of $2.25 billion, a PE ratio of 14.91 and a beta of 1.09. The company has a 50 day moving average of $14.18 and a 200 day moving average of $14.02.

About iShares Global Clean Energy ETF

iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers.