iShares Global Clean Energy ETF Target of Unusually Large Options Trading (NASDAQ:ICLN)

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the target of unusually large options trading activity on Friday. Stock investors bought 7,044 call options on the stock. This is an increase of approximately 393% compared to the average volume of 1,430 call options.

Institutional Trading of iShares Global Clean Energy ETF

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in shares of iShares Global Clean Energy ETF by 16.4% in the 1st quarter. NewEdge Advisors LLC now owns 16,253 shares of the company’s stock valued at $297,000 after buying an additional 2,292 shares during the period. Western Wealth Management LLC bought a new position in iShares Global Clean Energy ETF in the first quarter worth about $169,000. Bank of America Corp DE lifted its holdings in iShares Global Clean Energy ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 3,769,084 shares of the company’s stock worth $68,937,000 after acquiring an additional 103,067 shares during the last quarter. Gateway Wealth Partners LLC acquired a new position in iShares Global Clean Energy ETF in the first quarter valued at approximately $578,000. Finally, Boreal Capital Management LLC acquired a new position in iShares Global Clean Energy ETF in the first quarter valued at approximately $31,000.

iShares Global Clean Energy ETF Price Performance

NASDAQ:ICLN traded up $0.18 during mid-day trading on Friday, reaching $20.92. The stock had a trading volume of 3,467,084 shares, compared to its average volume of 5,785,396. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 17.16 and a beta of 1.07. iShares Global Clean Energy ETF has a 1-year low of $12.55 and a 1-year high of $23.78. The stock’s 50 day simple moving average is $20.78 and its two-hundred day simple moving average is $18.78.

iShares Global Clean Energy ETF Company Profile

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. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.