Short Interest in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Decreases By 82.1%

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 11,326 shares, a decrease of 82.1% from the May 14th total of 63,178 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 75,808 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares Energy Storage & Materials ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Midwest Financial Partners Investments Inc. raised its holdings in iShares Energy Storage & Materials ETF by 3.9% in the first quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock valued at $1,877,000 after acquiring an additional 2,048 shares in the last quarter. Glassman Wealth Services acquired a new stake in iShares Energy Storage & Materials ETF in the first quarter valued at $154,000. 4WEALTH Advisors Inc. acquired a new stake in iShares Energy Storage & Materials ETF in the first quarter valued at $218,000. Sanctuary Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF during the first quarter worth $230,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF during the second quarter worth $252,000.

iShares Energy Storage & Materials ETF Price Performance

IBAT traded up $0.46 during trading on Friday, hitting $43.49. The company had a trading volume of 16,999 shares, compared to its average volume of 37,218. The company has a market cap of $66.10 million, a PE ratio of 18.48 and a beta of 1.46. The business has a 50-day moving average of $42.09 and a 200-day moving average of $35.53. iShares Energy Storage & Materials ETF has a 1-year low of $20.58 and a 1-year high of $47.96.

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. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.