iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Large Drop in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,134 shares, a decline of 60.5% from the September 15th total of 5,409 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 14,313 shares, the short-interest ratio is presently 0.1 days.

iShares Energy Storage & Materials ETF Trading Down 0.4%

Shares of NASDAQ IBAT traded down $0.15 during midday trading on Tuesday, reaching $40.47. The company’s stock had a trading volume of 2,793 shares, compared to its average volume of 33,084. iShares Energy Storage & Materials ETF has a one year low of $27.85 and a one year high of $48.15. The company has a market cap of $63.13 million, a price-to-earnings ratio of 18.48 and a beta of 1.57. The company has a 50 day moving average price of $40.77 and a 200 day moving average price of $41.23.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new position in shares of iShares Energy Storage & Materials ETF in the second quarter valued at $4,221,000. Sax Wealth Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF during the 3rd quarter valued at $375,000. Citadel Advisors LLC boosted its stake in shares of iShares Energy Storage & Materials ETF by 5.9% during the 2nd quarter. Citadel Advisors LLC now owns 18,112 shares of the company’s stock worth $816,000 after acquiring an additional 1,005 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of iShares Energy Storage & Materials ETF by 204.9% during the 2nd quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock worth $56,000 after acquiring an additional 832 shares in the last quarter. Finally, CX Institutional bought a new stake in shares of iShares Energy Storage & Materials ETF during the 2nd quarter worth $80,000.

iShares Energy Storage & Materials ETF Company Profile

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.