ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Update

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 55,836 shares, a growth of 108.0% from the February 12th total of 26,847 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 106,460 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 106,460 shares, the short-interest ratio is presently 0.5 days. Approximately 1.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in ALPS Clean Energy ETF by 9,621.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock worth $69,009,000 after acquiring an additional 2,106,690 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in ALPS Clean Energy ETF in the third quarter valued at about $36,382,000. Flow Traders U.S. LLC purchased a new position in ALPS Clean Energy ETF in the second quarter valued at about $3,920,000. CIBC Private Wealth Group LLC grew its stake in ALPS Clean Energy ETF by 10.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,262,174 shares of the company’s stock valued at $40,920,000 after purchasing an additional 122,552 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in ALPS Clean Energy ETF during the 2nd quarter worth approximately $2,502,000.

ALPS Clean Energy ETF Trading Down 0.8%

ACES traded down $0.26 during trading on Thursday, hitting $33.45. 85,153 shares of the company’s stock were exchanged, compared to its average volume of 79,709. ALPS Clean Energy ETF has a 1 year low of $19.92 and a 1 year high of $37.57. The stock has a 50 day moving average price of $34.84 and a 200 day moving average price of $33.52. The firm has a market cap of $110.39 million, a P/E ratio of 21.11 and a beta of 1.46.

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.