ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Down 53.2% in August

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 10,612 shares, a decrease of 53.2% from the July 30th total of 22,657 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 77,722 shares, the days-to-cover ratio is presently 0.1 days.

ALPS Clean Energy ETF Price Performance

ALPS Clean Energy ETF stock traded down $0.73 during midday trading on Friday, reaching $30.31. The company had a trading volume of 44,799 shares, compared to its average volume of 85,068. The firm’s fifty day simple moving average is $32.49 and its 200-day simple moving average is $34.56. ALPS Clean Energy ETF has a 12-month low of $28.57 and a 12-month high of $43.00. The company has a market capitalization of $116.09 million, a P/E ratio of 21.11 and a beta of 1.43.

Hedge Funds Weigh In On ALPS Clean Energy ETF

A number of institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its holdings in ALPS Clean Energy ETF by 0.5% in the fourth quarter. Wealthfront Advisers LLC now owns 94,918 shares of the company’s stock valued at $3,077,000 after acquiring an additional 484 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of ALPS Clean Energy ETF by 3.6% in the second quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock valued at $877,000 after purchasing an additional 1,184 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of ALPS Clean Energy ETF in the fourth quarter worth $61,000. Raymond James Financial Inc. acquired a new stake in ALPS Clean Energy ETF in the 2nd quarter valued at about $96,000. Finally, Waystone Advisors LLC lifted its stake in ALPS Clean Energy ETF by 35.2% in the first quarter. Waystone Advisors LLC now owns 17,029 shares of the company’s stock worth $571,000 after acquiring an additional 4,437 shares during the last quarter.

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.