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

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,496 shares, a decrease of 86.8% from the May 31st total of 11,326 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 58,868 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in shares of iShares Energy Storage & Materials ETF during the first quarter worth $230,000. Glassman Wealth Services bought a new stake in iShares Energy Storage & Materials ETF in the 1st quarter valued at $154,000. 4WEALTH Advisors Inc. purchased a new stake in iShares Energy Storage & Materials ETF in the 1st quarter worth $218,000. Midwest Financial Partners Investments Inc. lifted its stake in iShares Energy Storage & Materials ETF by 3.9% in the 1st quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock worth $1,877,000 after purchasing an additional 2,048 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in iShares Energy Storage & Materials ETF in the 3rd quarter worth $644,000.

iShares Energy Storage & Materials ETF Trading Down 3.9%

IBAT traded down $1.72 on Friday, hitting $42.85. 28,460 shares of the company’s stock traded hands, compared to its average volume of 38,406. The company’s 50 day simple moving average is $43.94 and its 200-day simple moving average is $36.63. The firm has a market cap of $65.13 million, a price-to-earnings ratio of 18.48 and a beta of 1.46. iShares Energy Storage & Materials ETF has a one year low of $21.85 and a one year high of $48.15.

iShares Energy Storage & Materials ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.1833 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.