ALPS Clean Energy ETF (NYSEARCA:ACES) Sees Significant Decrease in Short Interest

ALPS Clean Energy ETF (NYSEARCA:ACES) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 24,688 shares, a decrease of 35.9% from the June 15th total of 38,497 shares. Based on an average trading volume of 70,932 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in ALPS Clean Energy ETF by 9,621.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock valued at $69,009,000 after purchasing an additional 2,106,690 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of 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 worth $40,920,000 after purchasing an additional 122,552 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of ALPS Clean Energy ETF during the 2nd quarter worth approximately $2,502,000. Millennium Management LLC bought a new stake in shares of ALPS Clean Energy ETF during the 3rd quarter worth approximately $2,038,000. Finally, Bank of America Corp DE raised its stake in shares of ALPS Clean Energy ETF by 99.8% during the 1st quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock worth $2,101,000 after purchasing an additional 31,322 shares in the last quarter.

ALPS Clean Energy ETF Stock Up 0.5%

NYSEARCA ACES opened at $32.54 on Friday. ALPS Clean Energy ETF has a 12-month low of $26.24 and a 12-month high of $43.00. The company has a market capitalization of $116.49 million, a PE ratio of 21.11 and a beta of 1.42. The firm’s 50 day moving average is $36.76 and its 200-day moving average is $35.31.

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.