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

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

ALPS Clean Energy ETF Stock Down 0.4%

ACES traded down $0.14 during trading on Friday, hitting $33.24. The company’s stock had a trading volume of 45,245 shares, compared to its average volume of 83,547. The firm has a market capitalization of $109.69 million, a P/E ratio of 21.11 and a beta of 1.46. ALPS Clean Energy ETF has a twelve month low of $19.92 and a twelve month high of $37.57. The stock’s fifty day moving average price is $34.61 and its 200-day moving average price is $33.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ACES. Flow Traders U.S. LLC bought a new stake in ALPS Clean Energy ETF during the second quarter worth $3,920,000. CIBC Private Wealth Group LLC lifted its stake in ALPS Clean Energy ETF by 2.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,139,622 shares of the company’s stock valued at $36,400,000 after acquiring an additional 24,792 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in ALPS Clean Energy ETF during the 3rd quarter worth $36,382,000. Wealthfront Advisers LLC boosted its holdings in ALPS Clean Energy ETF by 0.5% during the 4th quarter. Wealthfront Advisers LLC now owns 94,918 shares of the company’s stock worth $3,077,000 after acquiring an additional 484 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of ALPS Clean Energy ETF by 9,621.8% in 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.

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.