iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Significant Growth in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 45,161 shares, an increase of 2,918.8% from the June 15th total of 1,496 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average trading volume of 46,953 shares, the short-interest ratio is presently 1.0 days.

iShares Energy Storage & Materials ETF Stock Up 0.7%

iShares Energy Storage & Materials ETF stock traded up $0.30 during midday trading on Friday, hitting $41.48. The company’s stock had a trading volume of 51,550 shares, compared to its average volume of 38,420. iShares Energy Storage & Materials ETF has a 12 month low of $22.55 and a 12 month high of $48.15. The company has a market capitalization of $74.66 million, a PE ratio of 18.48 and a beta of 1.49. The stock’s 50-day moving average price is $44.43 and its 200-day moving average price is $37.59.

iShares Energy Storage & Materials ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.1833 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares Energy Storage & Materials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in iShares Energy Storage & Materials ETF in the second quarter worth approximately $252,000. Citadel Advisors LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF during the 3rd quarter valued at $644,000. Midwest Financial Partners Investments Inc. acquired a new stake in shares of iShares Energy Storage & Materials ETF during the 4th quarter valued at $1,519,000. 4WEALTH Advisors Inc. bought a new stake in shares of iShares Energy Storage & Materials ETF during the 1st quarter worth $218,000. Finally, Glassman Wealth Services bought a new stake in shares of iShares Energy Storage & Materials ETF during the 1st quarter worth $154,000.

About iShares Energy Storage & Materials ETF

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.