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

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a large decrease in short interest during the month of 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. Based on an average daily volume of 75,808 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are short sold.

iShares Energy Storage & Materials ETF Stock Down 4.7%

NASDAQ IBAT traded down $2.04 on Wednesday, hitting $41.23. The stock had a trading volume of 69,311 shares, compared to its average volume of 36,959. iShares Energy Storage & Materials ETF has a one year low of $20.58 and a one year high of $47.96. The stock has a market cap of $62.67 million, a price-to-earnings ratio of 18.48 and a beta of 1.46. The company’s 50-day moving average is $41.75 and its two-hundred day moving average is $35.34.

Institutional Trading of iShares Energy Storage & Materials ETF

Institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in iShares Energy Storage & Materials ETF during the 1st quarter valued at $230,000. Glassman Wealth Services purchased a new position in shares of iShares Energy Storage & Materials ETF during the first quarter valued at $154,000. 4WEALTH Advisors Inc. purchased a new position in shares of iShares Energy Storage & Materials ETF during the first quarter valued at $218,000. Midwest Financial Partners Investments Inc. grew its holdings in shares of iShares Energy Storage & Materials ETF by 3.9% during the first quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock valued at $1,877,000 after buying an additional 2,048 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of iShares Energy Storage & Materials ETF during the third quarter valued at $644,000.

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.