ALPS Clean Energy ETF (NYSEARCA:ACES) Short Interest Update

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 87,937 shares, a growth of 256.2% from the June 30th total of 24,688 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily volume of 105,105 shares, the days-to-cover ratio is currently 0.8 days.

ALPS Clean Energy ETF Trading Down 3.4%

ACES traded down $1.06 during trading on Friday, hitting $30.56. The company’s stock had a trading volume of 138,022 shares, compared to its average volume of 87,084. The firm has a market capitalization of $109.40 million, a price-to-earnings ratio of 21.11 and a beta of 1.42. ALPS Clean Energy ETF has a twelve month low of $26.24 and a twelve month high of $43.00. The business’s fifty day simple moving average is $36.14 and its 200 day simple moving average is $35.27.

Institutional Investors Weigh In On ALPS Clean Energy ETF

A number of institutional investors have recently added to or reduced their stakes in ACES. Bank of America Corp DE increased its holdings in ALPS Clean Energy ETF by 99.8% in the 1st quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock worth $2,101,000 after acquiring an additional 31,322 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of ALPS Clean Energy ETF in the first quarter valued at about $212,000. Wealthfront Advisers LLC increased its stake in shares of 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 purchasing an additional 2,112 shares in the last quarter. Waystone Advisors LLC increased its stake in shares of 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 purchasing an additional 4,437 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of ALPS Clean Energy ETF during the 4th quarter worth about $384,000.

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.