Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Expands By 59.2%

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 88,874 shares, a growth of 59.2% from the February 26th total of 55,836 shares. Based on an average daily volume of 163,062 shares, the short-interest ratio is currently 0.5 days. Currently, 2.7% of the company’s stock are sold short.

Institutional Investors Weigh In On ALPS Clean Energy ETF

Several large investors have recently made changes to their positions in ACES. Wealthfront Advisers LLC boosted its position in ALPS Clean Energy ETF by 0.5% during the fourth quarter. Wealthfront Advisers LLC now owns 94,918 shares of the company’s stock worth $3,077,000 after purchasing an additional 484 shares during the period. Bank of America Corp DE raised its position in shares of ALPS Clean Energy ETF by 3.6% in the second quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock valued at $877,000 after purchasing an additional 1,184 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of ALPS Clean Energy ETF in the fourth quarter valued at approximately $61,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ALPS Clean Energy ETF by 9.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,848 shares of the company’s stock valued at $1,002,000 after buying an additional 3,320 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of ALPS Clean Energy ETF during the 3rd quarter valued at approximately $118,000.

ALPS Clean Energy ETF Trading Down 0.4%

Shares of ACES traded down $0.14 on Friday, reaching $33.24. 45,245 shares of the company’s stock traded hands, compared to its average volume of 83,547. The stock’s 50 day simple moving average is $34.61 and its two-hundred day simple moving average is $33.83. The stock has a market cap of $109.69 million, a PE ratio of 21.11 and a beta of 1.46. ALPS Clean Energy ETF has a 52-week low of $19.92 and a 52-week high of $37.57.

ALPS Clean Energy ETF Company Profile

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.