iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get 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
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.
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