iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Update

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,496 shares, a decline of 86.8% from the May 31st total of 11,326 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 58,868 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IBAT. Guardian Capital LP purchased a new position in iShares Energy Storage & Materials ETF in the 3rd quarter worth about $1,663,000. Midwest Financial Partners Investments Inc. increased its stake in shares of iShares Energy Storage & Materials ETF by 3.9% during the first quarter. Midwest Financial Partners Investments Inc. now owns 55,025 shares of the company’s stock valued at $1,877,000 after buying an additional 2,048 shares during the period. Citadel Advisors LLC purchased a new position in shares of iShares Energy Storage & Materials ETF during the third quarter valued at $644,000. Flow Traders U.S. LLC bought a new stake in shares of iShares Energy Storage & Materials ETF in the second quarter valued at about $252,000. Finally, Sanctuary Advisors LLC purchased a new stake in iShares Energy Storage & Materials ETF in the first quarter worth about $230,000.

iShares Energy Storage & Materials ETF Stock Down 3.9%

iShares Energy Storage & Materials ETF stock traded down $1.72 during midday trading on Friday, reaching $42.85. 28,460 shares of the stock traded hands, compared to its average volume of 38,406. The stock has a market cap of $65.13 million, a P/E ratio of 18.48 and a beta of 1.46. The stock’s fifty day moving average is $43.94 and its 200-day moving average is $36.63. iShares Energy Storage & Materials ETF has a 12 month low of $21.85 and a 12 month high of $48.15.

iShares Energy Storage & Materials ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.1833 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.