iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Large Growth in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBATGet Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,400 shares, an increase of 84.6% from the February 13th total of 1,300 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 2.4 days.

iShares Energy Storage & Materials ETF Stock Performance

iShares Energy Storage & Materials ETF stock traded up $0.30 during trading hours on Friday, reaching $22.24. 144 shares of the stock were exchanged, compared to its average volume of 1,078. The stock has a market cap of $6.23 million, a P/E ratio of 21.51 and a beta of 1.08. iShares Energy Storage & Materials ETF has a 52-week low of $21.34 and a 52-week high of $26.08. The firm’s 50 day moving average is $22.27 and its 200 day moving average is $23.33.

iShares Energy Storage & Materials ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

A hedge fund recently bought a new stake in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. purchased a new position in shares of iShares Energy Storage & Materials ETF (NASDAQ:IBATFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 2.90% of iShares Energy Storage & Materials ETF as of its most recent SEC filing.

About iShares Energy Storage & Materials ETF

(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.

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