ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Up 59.2% in March

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 88,874 shares, an increase of 59.2% from the February 26th total of 55,836 shares. Based on an average trading volume of 163,062 shares, the short-interest ratio is currently 0.5 days. Approximately 2.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC purchased a new position in shares of ALPS Clean Energy ETF during the 2nd quarter worth approximately $3,920,000. CIBC Private Wealth Group LLC lifted its stake in shares of ALPS Clean Energy ETF by 2.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,139,622 shares of the company’s stock valued at $36,400,000 after purchasing an additional 24,792 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of ALPS Clean Energy ETF during the third quarter valued at approximately $36,382,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of ALPS Clean Energy ETF by 9,621.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock valued at $69,009,000 after purchasing an additional 2,106,690 shares in the last quarter. Finally, Waystone Advisors LLC purchased a new stake in ALPS Clean Energy ETF in the fourth quarter worth $408,000.

ALPS Clean Energy ETF Stock Performance

ACES stock traded down $0.14 during trading on Friday, hitting $33.24. 45,245 shares of the company traded hands, compared to its average volume of 83,547. The company has a 50-day moving average of $34.61 and a 200-day moving average of $33.87. ALPS Clean Energy ETF has a 1 year low of $19.92 and a 1 year high of $37.57. The firm has a market capitalization of $109.69 million, a PE ratio of 21.11 and a beta of 1.46.

ALPS Clean Energy ETF Company Profile

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.