ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Up 405.1% in May

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 92,144 shares, an increase of 405.1% from the April 30th total of 18,243 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 88,349 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of ALPS Clean Energy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in ALPS Clean Energy ETF by 99.8% during the first quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock worth $2,101,000 after buying an additional 31,322 shares in the last quarter. Cetera Investment Advisers purchased a new stake in ALPS Clean Energy ETF during the first quarter worth about $212,000. Wealthfront Advisers LLC boosted its holdings in ALPS Clean Energy ETF by 2.2% during the first quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock worth $3,251,000 after buying an additional 2,112 shares in the last quarter. Waystone Advisors LLC boosted its holdings in ALPS Clean Energy ETF by 35.2% during the first quarter. Waystone Advisors LLC now owns 17,029 shares of the company’s stock worth $571,000 after buying an additional 4,437 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in ALPS Clean Energy ETF during the fourth quarter worth about $384,000.

ALPS Clean Energy ETF Stock Performance

ALPS Clean Energy ETF stock traded up $0.14 during trading hours on Friday, reaching $41.93. 322,316 shares of the stock were exchanged, compared to its average volume of 91,887. The stock has a market cap of $148.85 million, a P/E ratio of 21.11 and a beta of 1.36. ALPS Clean Energy ETF has a 52-week low of $23.82 and a 52-week high of $42.19. The firm’s 50 day moving average is $35.72 and its 200 day moving average is $34.63.

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.