iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Shorted: Short Interest Up 61.8% in September

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,409 shares, an increase of 61.8% from the August 31st total of 3,343 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 15,315 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

A number of institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new position in shares of iShares Energy Storage & Materials ETF in the 2nd quarter worth about $4,221,000. Midwest Financial Partners Investments Inc. increased its position in iShares Energy Storage & Materials ETF by 3.9% during the 1st quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock worth $1,877,000 after purchasing an additional 2,048 shares in the last quarter. Citadel Advisors LLC increased its position in iShares Energy Storage & Materials ETF by 5.9% during the 2nd quarter. Citadel Advisors LLC now owns 18,112 shares of the company’s stock worth $816,000 after purchasing an additional 1,005 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in iShares Energy Storage & Materials ETF in the first quarter valued at approximately $230,000. Finally, 4WEALTH Advisors Inc. purchased a new position in iShares Energy Storage & Materials ETF in the first quarter valued at approximately $218,000.

iShares Energy Storage & Materials ETF Stock Up 0.1%

Shares of NASDAQ IBAT traded up $0.06 during trading on Wednesday, hitting $40.43. 5,841 shares of the company traded hands, compared to its average volume of 34,084. The firm has a market capitalization of $63.06 million, a P/E ratio of 18.48 and a beta of 1.58. The company has a 50-day moving average price of $40.13 and a 200-day moving average price of $40.73. iShares Energy Storage & Materials ETF has a 1 year low of $27.80 and a 1 year high of $48.15.

iShares Energy Storage & Materials ETF Company Profile

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.