Short Interest in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Declines By 45.8%

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,300 shares, a decline of 45.8% from the January 31st total of 2,400 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 1.4 days.

iShares Energy Storage & Materials ETF Stock Down 1.0 %

NASDAQ IBAT traded down $0.23 on Monday, hitting $21.80. 979 shares of the stock were exchanged, compared to its average volume of 1,149. iShares Energy Storage & Materials ETF has a fifty-two week low of $21.37 and a fifty-two week high of $26.08. The company has a 50-day moving average price of $22.26 and a 200-day moving average price of $23.42. The company has a market cap of $6.10 million, a PE ratio of 21.35 and a beta of 1.08.

iShares Energy Storage & Materials ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.12 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares Energy Storage & Materials ETF

An institutional investor recently bought a new position in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. bought a new position in shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 2.90% of iShares Energy Storage & Materials ETF as of its most recent filing with the SEC.

About iShares Energy Storage & Materials ETF

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.