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

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,148 shares, a decrease of 51.5% from the August 15th total of 10,612 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 48,179 shares, the days-to-cover ratio is presently 0.1 days.

ALPS Clean Energy ETF Trading Down 0.0%

Shares of NYSEARCA ACES traded down $0.01 during midday trading on Tuesday, hitting $29.17. The company’s stock had a trading volume of 31,885 shares, compared to its average volume of 82,018. The firm has a market capitalization of $111.72 million, a price-to-earnings ratio of 21.11 and a beta of 1.44. The stock has a fifty day moving average price of $31.40 and a 200 day moving average price of $34.13. ALPS Clean Energy ETF has a one year low of $28.85 and a one year high of $43.00.

Hedge Funds Weigh In On ALPS Clean Energy ETF

A number of large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in 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 purchasing an additional 2,106,690 shares during the period. Waystone Advisors LLC bought a new stake in shares of ALPS Clean Energy ETF during the fourth quarter valued at about $408,000. Bank of America Corp DE lifted its holdings in shares of ALPS Clean Energy ETF by 99.8% in the first quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock worth $2,101,000 after buying an additional 31,322 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of ALPS Clean Energy ETF in the first quarter valued at approximately $212,000. Finally, Wealthfront Advisers LLC boosted its position in shares of ALPS Clean Energy ETF by 2.2% in the first quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock valued at $3,251,000 after acquiring an additional 2,112 shares during the period.

About ALPS Clean Energy ETF

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.