iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Large Increase in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 63,178 shares, a growth of 951.6% from the April 30th total of 6,008 shares. Based on an average trading volume of 64,217 shares, the short-interest ratio is presently 1.0 days. Currently, 4.2% of the company’s shares are sold short.

Institutional Trading of iShares Energy Storage & Materials ETF

A number of institutional investors have recently bought and sold shares of the business. Guardian Capital LP acquired a new stake in iShares Energy Storage & Materials ETF during the 3rd quarter worth $1,663,000. Midwest Financial Partners Investments Inc. grew its holdings in iShares Energy Storage & Materials ETF by 3.9% during the 1st quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock worth $1,877,000 after acquiring an additional 2,048 shares during the period. Citadel Advisors LLC acquired a new stake in iShares Energy Storage & Materials ETF during the 3rd quarter worth $644,000. Flow Traders U.S. LLC acquired a new stake in iShares Energy Storage & Materials ETF during the 2nd quarter worth $252,000. Finally, Sanctuary Advisors LLC acquired a new stake in iShares Energy Storage & Materials ETF during the 1st quarter worth $230,000.

iShares Energy Storage & Materials ETF Stock Performance

IBAT traded down $0.92 during trading on Wednesday, reaching $46.23. 34,284 shares of the company’s stock were exchanged, compared to its average volume of 34,592. The company’s fifty day moving average price is $39.50 and its 200-day moving average price is $34.38. iShares Energy Storage & Materials ETF has a fifty-two week low of $20.58 and a fifty-two week high of $47.47. The firm has a market capitalization of $70.27 million, a PE ratio of 18.48 and a beta of 1.43.

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.