iShares Global Clean Energy ETF (NASDAQ:ICLN) Sees Large Decline in Short Interest

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 5,641,100 shares, a drop of 43.1% from the May 31st total of 9,913,210 shares. Based on an average trading volume of 5,584,265 shares, the days-to-cover ratio is presently 1.0 days. Currently, 4.7% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of ICLN. Nalls Sherbakoff Group LLC acquired a new position in shares of iShares Global Clean Energy ETF during the fourth quarter worth about $25,000. Richards Merrill & Peterson Inc. bought a new stake in iShares Global Clean Energy ETF in the first quarter valued at about $31,000. Y.D. More Investments Ltd raised its position in shares of iShares Global Clean Energy ETF by 142.9% during the 1st quarter. Y.D. More Investments Ltd now owns 1,700 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares in the last quarter. Boreal Capital Management LLC acquired a new stake in shares of iShares Global Clean Energy ETF during the first quarter worth $31,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in iShares Global Clean Energy ETF in the fourth quarter worth about $28,000.

iShares Global Clean Energy ETF Price Performance

Shares of NASDAQ:ICLN opened at $19.67 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of 17.16 and a beta of 1.09. The business has a fifty day simple moving average of $21.25 and a 200-day simple moving average of $19.17. iShares Global Clean Energy ETF has a 52 week low of $13.33 and a 52 week high of $23.78.

iShares Global Clean Energy ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0561 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.