iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Shorted: Short Interest Down 60.5% in September

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,134 shares, a decline of 60.5% from the September 15th total of 5,409 shares. Based on an average daily volume of 14,313 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

Several large investors have recently made changes to their positions in the business. CoreCap Advisors LLC grew its stake in shares of iShares Energy Storage & Materials ETF by 204.9% during the second quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock valued at $56,000 after acquiring an additional 832 shares in the last quarter. CX Institutional purchased a new stake in shares of iShares Energy Storage & Materials ETF during the second quarter worth about $80,000. Glassman Wealth Services acquired a new position in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $154,000. 4WEALTH Advisors Inc. lifted its stake in shares of iShares Energy Storage & Materials ETF by 8.0% in the third quarter. 4WEALTH Advisors Inc. now owns 5,892 shares of the company’s stock worth $238,000 after acquiring an additional 434 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $230,000.

iShares Energy Storage & Materials ETF Stock Performance

NASDAQ IBAT traded down $0.80 during trading hours on Wednesday, hitting $39.61. 9,291 shares of the company’s stock were exchanged, compared to its average volume of 32,979. The business’s 50 day moving average is $40.78 and its 200-day moving average is $41.28. iShares Energy Storage & Materials ETF has a 12-month low of $27.85 and a 12-month high of $48.15. The firm has a market capitalization of $61.79 million, a P/E ratio of 18.48 and a beta of 1.57.

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. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.