iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Shorted: Short Interest Up 61.8% in September

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,409 shares, an increase of 61.8% from the August 31st total of 3,343 shares. Based on an average trading volume of 15,315 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

iShares Energy Storage & Materials ETF Stock Performance

Shares of NASDAQ:IBAT traded up $0.06 during midday trading on Wednesday, hitting $40.43. 5,841 shares of the company’s stock traded hands, compared to its average volume of 34,084. The firm’s fifty day moving average price is $40.13 and its two-hundred day moving average price is $40.73. iShares Energy Storage & Materials ETF has a twelve month low of $27.80 and a twelve month high of $48.15. The company has a market cap of $63.06 million, a PE ratio of 18.48 and a beta of 1.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IBAT. TD Waterhouse Canada Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF in the second quarter worth about $4,221,000. Sanctuary Advisors LLC acquired a new position in iShares Energy Storage & Materials ETF during the 1st quarter worth approximately $230,000. 4WEALTH Advisors Inc. acquired a new position in iShares Energy Storage & Materials ETF during the 1st quarter worth approximately $218,000. Glassman Wealth Services purchased a new position in iShares Energy Storage & Materials ETF in the 1st quarter worth approximately $154,000. Finally, Midwest Financial Partners Investments Inc. boosted its holdings in 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 acquiring an additional 2,048 shares during the period.

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.