ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Up 405.1% in May

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 92,144 shares, a growth of 405.1% from the April 30th total of 18,243 shares. Based on an average trading volume of 88,349 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.6% of the shares of the company are short sold.

ALPS Clean Energy ETF Price Performance

NYSEARCA:ACES traded up $0.95 during trading hours on Thursday, reaching $42.10. The company had a trading volume of 30,388 shares, compared to its average volume of 89,503. ALPS Clean Energy ETF has a 1-year low of $23.82 and a 1-year high of $42.15. The firm has a market cap of $149.46 million, a PE ratio of 21.11 and a beta of 1.36. The business’s 50 day moving average price is $35.40 and its 200-day moving average price is $34.53.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of ALPS Clean Energy ETF by 99.8% during the 1st quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock worth $2,101,000 after buying an additional 31,322 shares during the period. Cetera Investment Advisers acquired a new position in shares of ALPS Clean Energy ETF during the 1st quarter worth approximately $212,000. Wealthfront Advisers LLC boosted its stake in shares of ALPS Clean Energy ETF by 2.2% in the first quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock worth $3,251,000 after acquiring an additional 2,112 shares during the last quarter. Waystone Advisors LLC boosted its stake in shares of ALPS Clean Energy ETF by 35.2% in the first quarter. Waystone Advisors LLC now owns 17,029 shares of the company’s stock worth $571,000 after acquiring an additional 4,437 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in ALPS Clean Energy ETF in the 4th quarter valued at $384,000.

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.