iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Large Drop in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 11,326 shares, a decrease of 82.1% from the May 14th total of 63,178 shares. Based on an average daily trading volume, of 75,808 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Trading of iShares Energy Storage & Materials ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Guardian Capital LP bought a new stake in iShares Energy Storage & Materials ETF in the third quarter valued at approximately $1,663,000. Midwest Financial Partners Investments Inc. boosted its holdings in 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 valued at $1,877,000 after acquiring an additional 2,048 shares during the last quarter. Citadel Advisors LLC bought a new stake in iShares Energy Storage & Materials ETF in the third quarter valued at approximately $644,000. Flow Traders U.S. LLC bought a new stake in iShares Energy Storage & Materials ETF in the second quarter valued at approximately $252,000. Finally, Sanctuary Advisors LLC bought a new stake in iShares Energy Storage & Materials ETF in the first quarter valued at approximately $230,000.

iShares Energy Storage & Materials ETF Stock Performance

Shares of iShares Energy Storage & Materials ETF stock traded up $1.80 on Thursday, hitting $43.03. The stock had a trading volume of 82,616 shares, compared to its average volume of 37,400. The stock has a 50 day moving average of $42.09 and a 200 day moving average of $35.53. iShares Energy Storage & Materials ETF has a twelve month low of $20.58 and a twelve month high of $47.96. The firm has a market capitalization of $65.41 million, a P/E ratio of 18.48 and a beta of 1.46.

About iShares Energy Storage & Materials ETF

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.