Short Interest in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Increases By 951.6%

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 63,178 shares, an increase of 951.6% from the April 30th total of 6,008 shares. Based on an average daily volume of 64,217 shares, the short-interest ratio is presently 1.0 days. Approximately 4.2% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter worth $230,000. Glassman Wealth Services acquired a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter worth $154,000. 4WEALTH Advisors Inc. acquired a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter worth $218,000. Midwest Financial Partners Investments Inc. grew its stake in shares of iShares Energy Storage & Materials ETF by 3.9% in the first quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock worth $1,877,000 after acquiring an additional 2,048 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF in the third quarter worth $644,000.

iShares Energy Storage & Materials ETF Stock Up 0.7%

IBAT stock traded up $0.35 during midday trading on Friday, hitting $47.70. 51,199 shares of the company traded hands, compared to its average volume of 35,210. iShares Energy Storage & Materials ETF has a twelve month low of $20.58 and a twelve month high of $47.89. The business has a 50 day simple moving average of $39.76 and a 200-day simple moving average of $34.49. The stock has a market capitalization of $72.50 million, a price-to-earnings ratio of 18.48 and a beta of 1.43.

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.