Short Interest in iShares Global Clean Energy ETF (NASDAQ:ICLN) Decreases By 42.6%

iShares Global Clean Energy ETF (NASDAQ:ICLN) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 6,148,963 shares, a decline of 42.6% from the April 30th total of 10,717,258 shares. Approximately 5.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,631,612 shares, the days-to-cover ratio is presently 0.8 days.

iShares Global Clean Energy ETF Stock Down 1.0%

Shares of NASDAQ:ICLN traded down $0.22 during midday trading on Thursday, hitting $22.87. The stock had a trading volume of 1,897,216 shares, compared to its average volume of 5,751,389. The company’s 50-day moving average price is $20.37 and its 200-day moving average price is $18.57. The company has a market capitalization of $2.77 billion, a P/E ratio of 17.16 and a beta of 1.04. iShares Global Clean Energy ETF has a fifty-two week low of $12.55 and a fifty-two week high of $23.78.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in shares of iShares Global Clean Energy ETF by 14.4% during the 1st quarter. Baird Financial Group Inc. now owns 11,507 shares of the company’s stock worth $131,000 after buying an additional 1,450 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of iShares Global Clean Energy ETF by 51.7% during the 1st quarter. Focus Partners Wealth now owns 75,516 shares of the company’s stock worth $862,000 after buying an additional 25,728 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of iShares Global Clean Energy ETF by 20.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 20,841 shares of the company’s stock worth $273,000 after buying an additional 3,563 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of iShares Global Clean Energy ETF by 56.1% during the 2nd quarter. Corient Private Wealth LLC now owns 54,276 shares of the company’s stock worth $712,000 after buying an additional 19,498 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of iShares Global Clean Energy ETF by 87.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 39,489 shares of the company’s stock worth $518,000 after buying an additional 18,477 shares in the last quarter.

iShares Global Clean Energy ETF Company Profile

iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.