Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Decreases By 74.2%

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 22,657 shares, a decline of 74.2% from the July 15th total of 87,937 shares. Based on an average trading volume of 81,247 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s stock are short sold.

ALPS Clean Energy ETF Stock Up 0.4%

Shares of ACES traded up $0.14 during trading hours on Friday, reaching $32.55. The company’s stock had a trading volume of 39,610 shares, compared to its average volume of 87,700. The firm has a market cap of $124.67 million, a price-to-earnings ratio of 21.11 and a beta of 1.43. ALPS Clean Energy ETF has a 1-year low of $27.14 and a 1-year high of $43.00. The company has a 50 day moving average of $33.74 and a two-hundred day moving average of $34.92.

Institutional Inflows and Outflows

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

About ALPS Clean Energy ETF

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.