iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Down 94.9% in July

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,957 shares, a decrease of 94.9% from the July 15th total of 38,687 shares. Based on an average daily trading volume, of 39,655 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Several hedge funds and other institutional investors have recently modified their holdings of IBAT. CoreCap Advisors LLC increased its holdings in shares of iShares Energy Storage & Materials ETF by 204.9% in the 2nd quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock worth $56,000 after acquiring an additional 832 shares during the period. CX Institutional acquired a new position in iShares Energy Storage & Materials ETF during the 2nd quarter valued at about $80,000. Glassman Wealth Services bought a new position in iShares Energy Storage & Materials ETF in the 1st quarter worth about $154,000. 4WEALTH Advisors Inc. bought a new position in iShares Energy Storage & Materials ETF in the 1st quarter worth about $218,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter valued at approximately $230,000.

iShares Energy Storage & Materials ETF Stock Up 2.8%

IBAT stock traded up $1.16 during midday trading on Wednesday, reaching $41.87. The company had a trading volume of 20,349 shares, compared to its average volume of 37,817. The stock has a 50 day moving average price of $41.91 and a 200 day moving average price of $39.07. iShares Energy Storage & Materials ETF has a fifty-two week low of $24.70 and a fifty-two week high of $48.15. The firm has a market capitalization of $75.37 million, a PE ratio of 18.48 and a beta of 1.56.

iShares Energy Storage & Materials ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.1833 per share. 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.