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

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a significant increase in short interest in 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 trading volume of 64,217 shares, the short-interest ratio is presently 1.0 days. Currently, 4.2% of the company’s stock are short sold.

iShares Energy Storage & Materials ETF Stock Performance

Shares of NASDAQ:IBAT traded up $1.03 during midday trading on Thursday, hitting $47.26. 14,964 shares of the stock were exchanged, compared to its average volume of 34,374. iShares Energy Storage & Materials ETF has a 52-week low of $20.58 and a 52-week high of $47.80. The business’s fifty day simple moving average is $39.50 and its two-hundred day simple moving average is $34.38. The company has a market capitalization of $71.84 million, a PE ratio of 18.48 and a beta of 1.43.

Institutional Trading of iShares Energy Storage & Materials ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Guardian Capital LP purchased a new stake in shares of iShares Energy Storage & Materials ETF during the third quarter worth $1,663,000. Midwest Financial Partners Investments Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF during the fourth quarter worth $1,519,000. Citadel Advisors LLC purchased a new stake in shares of iShares Energy Storage & Materials ETF during the third quarter worth $644,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares Energy Storage & Materials ETF during the second quarter worth $252,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares Energy Storage & Materials ETF during the first quarter worth $230,000.

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.