iShares Global Clean Energy ETF (NASDAQ:ICLN – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 2,223,770 shares, a drop of 41.0% from the September 30th total of 3,770,923 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,340,212 shares, the short-interest ratio is currently 0.4 days.
Hedge Funds Weigh In On iShares Global Clean Energy ETF
Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of iShares Global Clean Energy ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 3,769,084 shares of the company’s stock valued at $68,937,000 after buying an additional 103,067 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Global Clean Energy ETF by 289.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,887,946 shares of the company’s stock worth $38,684,000 after buying an additional 1,402,558 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of iShares Global Clean Energy ETF by 458.6% in the 1st quarter. Bank of Nova Scotia now owns 803,560 shares of the company’s stock valued at $14,697,000 after buying an additional 659,700 shares in the last quarter. Agur Provident & Training Funds Management Ltd. purchased a new position in shares of iShares Global Clean Energy ETF during the second quarter worth about $10,353,000. Finally, Commonwealth Equity Services LLC purchased a new stake in iShares Global Clean Energy ETF in the third quarter valued at approximately $7,929,000.
iShares Global Clean Energy ETF Stock Up 2.7%
Shares of iShares Global Clean Energy ETF stock traded up $0.42 on Monday, hitting $15.73. 8,033,934 shares of the company were exchanged, compared to its average volume of 5,954,930. The company has a 50-day moving average price of $17.09 and a 200 day moving average price of $18.75. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.16 and a beta of 1.10. iShares Global Clean Energy ETF has a 1-year low of $15.18 and a 1-year high of $23.78.
About iShares Global Clean Energy ETF
iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.
Further Reading
- Five stocks we like better than iShares Global Clean Energy ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for iShares Global Clean Energy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Global Clean Energy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
