Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Drops By 65.5%

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

Institutional Trading of ALPS Clean Energy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ACES. Kestra Advisory Services LLC acquired a new stake in shares of ALPS Clean Energy ETF in the 4th quarter worth approximately $61,000. Raymond James Financial Inc. bought a new position in shares of ALPS Clean Energy ETF in the second quarter valued at approximately $96,000. Cetera Investment Advisers acquired a new position in shares of ALPS Clean Energy ETF during the first quarter valued at approximately $212,000. Virtu Financial LLC acquired a new position in shares of ALPS Clean Energy ETF during the fourth quarter valued at approximately $384,000. Finally, Waystone Advisors LLC bought a new stake in ALPS Clean Energy ETF during the fourth quarter worth approximately $408,000.

ALPS Clean Energy ETF Price Performance

Shares of NYSEARCA ACES traded down $0.21 during midday trading on Friday, reaching $34.54. 114,908 shares of the company traded hands, compared to its average volume of 88,297. ALPS Clean Energy ETF has a 52 week low of $25.28 and a 52 week high of $43.00. The stock has a 50-day moving average price of $37.30 and a 200 day moving average price of $35.28. The company has a market cap of $122.62 million, a price-to-earnings ratio of 21.11 and a beta of 1.40.

About ALPS Clean Energy ETF

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.