ALPS Clean Energy ETF (NYSEARCA:ACES) Sees Significant Drop in Short Interest

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 38,497 shares, a decline of 65.5% from the May 31st total of 111,537 shares. Based on an average daily volume of 64,641 shares, the short-interest ratio is currently 0.6 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On ALPS Clean Energy ETF

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in shares of ALPS Clean Energy ETF during the 4th quarter worth about $61,000. Raymond James Financial Inc. acquired a new stake in shares of ALPS Clean Energy ETF during the 2nd quarter worth $96,000. Cetera Investment Advisers bought a new position in ALPS Clean Energy ETF in the 1st quarter valued at about $212,000. Virtu Financial LLC acquired a new position in ALPS Clean Energy ETF during the fourth quarter valued at approximately $384,000. Finally, Waystone Advisors LLC bought a new stake in shares of ALPS Clean Energy ETF during the 4th quarter worth $408,000.

ALPS Clean Energy ETF Trading Up 0.3%

Shares of ACES stock traded up $0.10 on Monday, hitting $34.64. 25,663 shares of the stock were exchanged, compared to its average volume of 87,781. The business has a 50-day moving average of $37.30 and a 200 day moving average of $35.30. ALPS Clean Energy ETF has a fifty-two week low of $25.28 and a fifty-two week high of $43.00. The firm has a market capitalization of $122.97 million, a P/E ratio of 21.11 and a beta of 1.40.

ALPS Clean Energy ETF Company Profile

The ALPS Clean Energy ETF (ACES) is an exchange-traded fund that is based on the CIBC Atlas Clean Energy index. The fund tracks an index of US- and Canada-listed companies in the clean energy industry. ACES was launched on Jun 29, 2018 and is managed by ALPS.