iShares Global Clean Energy ETF (NASDAQ:ICLN) Sees Significant Increase in Short Interest

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 5,680,000 shares, a growth of 12.0% from the March 15th total of 5,070,000 shares. Based on an average trading volume of 3,824,500 shares, the days-to-cover ratio is presently 1.5 days.

iShares Global Clean Energy ETF Price Performance

Shares of NASDAQ:ICLN opened at $13.19 on Tuesday. The company’s fifty day moving average price is $13.94 and its 200 day moving average price is $14.08. iShares Global Clean Energy ETF has a 12 month low of $12.72 and a 12 month high of $19.99. The firm has a market capitalization of $2.26 billion, a P/E ratio of 35.10 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Blair William & Co. IL increased its stake in iShares Global Clean Energy ETF by 0.4% in the first quarter. Blair William & Co. IL now owns 182,287 shares of the company’s stock valued at $3,923,000 after purchasing an additional 733 shares during the period. Waverly Advisors LLC increased its stake in iShares Global Clean Energy ETF by 1.2% in the second quarter. Waverly Advisors LLC now owns 67,382 shares of the company’s stock valued at $1,240,000 after purchasing an additional 779 shares during the period. Valmark Advisers Inc. increased its stake in iShares Global Clean Energy ETF by 6.0% in the third quarter. Valmark Advisers Inc. now owns 13,727 shares of the company’s stock valued at $201,000 after purchasing an additional 782 shares during the period. Abbrea Capital LLC increased its stake in iShares Global Clean Energy ETF by 6.3% in the third quarter. Abbrea Capital LLC now owns 14,725 shares of the company’s stock valued at $215,000 after purchasing an additional 875 shares during the period. Finally, Bangor Savings Bank increased its stake in iShares Global Clean Energy ETF by 8.1% in the third quarter. Bangor Savings Bank now owns 11,846 shares of the company’s stock valued at $173,000 after purchasing an additional 885 shares during the period.

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.