iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Up 2,918.8% in June

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 45,161 shares, a growth of 2,918.8% from the June 15th total of 1,496 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average trading volume of 46,953 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC boosted its stake in iShares Energy Storage & Materials ETF by 204.9% in the second quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock valued at $56,000 after buying an additional 832 shares in the last quarter. CX Institutional acquired a new position in iShares Energy Storage & Materials ETF during the second quarter worth about $80,000. Midwest Financial Partners Investments Inc. raised its stake in iShares Energy Storage & Materials ETF by 3.9% during 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 in the last quarter. Glassman Wealth Services bought a new position in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $154,000. Finally, 4WEALTH Advisors Inc. bought a new position in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $218,000.

iShares Energy Storage & Materials ETF Price Performance

IBAT traded up $0.30 during trading on Friday, hitting $41.48. 51,550 shares of the stock traded hands, compared to its average volume of 38,420. iShares Energy Storage & Materials ETF has a twelve month low of $22.55 and a twelve month high of $48.15. The company has a market cap of $74.66 million, a price-to-earnings ratio of 18.48 and a beta of 1.49. The business has a 50 day moving average price of $44.43 and a 200 day moving average price of $37.59.

iShares Energy Storage & Materials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.1833 dividend. The ex-dividend date was Monday, June 15th.

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.