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

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,308 shares, an increase of 523.6% from the September 30th total of 2,134 shares. Based on an average daily volume of 12,373 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.9% of the shares of the stock are sold short.

iShares Energy Storage & Materials ETF Trading Up 1.5%

Shares of NASDAQ:IBAT traded up $0.55 during trading on Wednesday, reaching $37.47. The company had a trading volume of 6,295 shares, compared to its average volume of 32,181. The company has a fifty day moving average of $40.06 and a two-hundred day moving average of $38.97. The stock has a market capitalization of $58.45 million, a P/E ratio of 18.48 and a beta of 1.57. iShares Energy Storage & Materials ETF has a 12 month low of $27.85 and a 12 month high of $48.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in iShares Energy Storage & Materials ETF during the second quarter worth about $4,221,000. Midwest Financial Partners Investments Inc. boosted its holdings in shares of iShares Energy Storage & Materials ETF by 3.9% in the 1st quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock worth $1,877,000 after purchasing an additional 2,048 shares in the last quarter. Citadel Advisors LLC increased its position in shares of iShares Energy Storage & Materials ETF by 5.9% during the 2nd quarter. Citadel Advisors LLC now owns 18,112 shares of the company’s stock valued at $816,000 after purchasing an additional 1,005 shares during the last quarter. Sax Wealth Advisors LLC bought a new position in shares of iShares Energy Storage & Materials ETF during the 3rd quarter valued at about $375,000. Finally, 4WEALTH Advisors Inc. increased its position in shares of iShares Energy Storage & Materials ETF by 8.0% during the 3rd quarter. 4WEALTH Advisors Inc. now owns 5,892 shares of the company’s stock valued at $238,000 after purchasing an additional 434 shares during the last quarter.

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.