Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Expands By 256.2%

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 87,937 shares, a growth of 256.2% from the June 30th total of 24,688 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 105,105 shares, the days-to-cover ratio is presently 0.8 days.

ALPS Clean Energy ETF Price Performance

Shares of ACES traded down $0.27 during mid-day trading on Monday, reaching $30.29. 10,107 shares of the company’s stock were exchanged, compared to its average volume of 86,538. The business’s fifty day simple moving average is $36.14 and its 200-day simple moving average is $35.28. The stock has a market capitalization of $108.44 million, a PE ratio of 21.11 and a beta of 1.42. ALPS Clean Energy ETF has a 52-week low of $26.24 and a 52-week high of $43.00.

Institutional Investors Weigh In On ALPS Clean Energy ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of ALPS Clean Energy ETF by 9,621.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock valued at $69,009,000 after acquiring an additional 2,106,690 shares during the period. CIBC Private Wealth Group LLC raised its stake in ALPS Clean Energy ETF by 10.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,262,174 shares of the company’s stock valued at $40,920,000 after purchasing an additional 122,552 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of ALPS Clean Energy ETF during the second quarter valued at approximately $2,502,000. Millennium Management LLC acquired a new stake in shares of ALPS Clean Energy ETF during the third quarter worth $2,038,000. Finally, Bank of America Corp DE grew its holdings in ALPS Clean Energy ETF by 99.8% in the 1st quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock valued at $2,101,000 after buying an additional 31,322 shares during the period.

ALPS Clean Energy ETF Company Profile

The ALPS Clean Energy ETF (ACES) is an exchange-traded fund that is based on the CIBC Atlas Clean Energy index. The fund tracks an index of US- and Canada-listed companies in the clean energy industry. ACES was launched on Jun 29, 2018 and is managed by ALPS.