iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Short Interest Jumps 523.6%

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,308 shares, an increase of 523.6% from the September 30th total of 2,134 shares. Based on an average trading volume of 12,373 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Trading of iShares Energy Storage & Materials ETF

Large investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in iShares Energy Storage & Materials ETF during the second quarter worth approximately $4,221,000. 4WEALTH Advisors Inc. raised its position in iShares Energy Storage & Materials ETF by 8.0% during the third quarter. 4WEALTH Advisors Inc. now owns 5,892 shares of the company’s stock valued at $238,000 after purchasing an additional 434 shares during the period. Sax Wealth Advisors LLC purchased a new stake in iShares Energy Storage & Materials ETF during the third quarter valued at approximately $375,000. Citadel Advisors LLC lifted its stake in shares of iShares Energy Storage & Materials ETF by 5.9% in the 2nd quarter. Citadel Advisors LLC now owns 18,112 shares of the company’s stock valued at $816,000 after purchasing an additional 1,005 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in shares of iShares Energy Storage & Materials ETF by 204.9% in the 2nd quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock valued at $56,000 after purchasing an additional 832 shares during the last quarter.

iShares Energy Storage & Materials ETF Stock Down 0.2%

NASDAQ IBAT traded down $0.08 on Thursday, reaching $37.39. The company had a trading volume of 816 shares, compared to its average volume of 32,030. iShares Energy Storage & Materials ETF has a 12 month low of $27.85 and a 12 month high of $48.15. The firm’s 50 day moving average price is $40.00 and its 200 day moving average price is $39.01. The stock has a market capitalization of $58.33 million, a PE ratio of 18.48 and a beta of 1.57.

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.