Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Declines By 41.9%

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 8,410 shares, a drop of 41.9% from the December 15th total of 14,485 shares. Based on an average daily volume of 26,385 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 26,385 shares, the short-interest ratio is presently 0.3 days.

ALPS Clean Energy ETF Stock Performance

Shares of NYSEARCA ACES traded up $0.32 during trading on Thursday, reaching $35.45. The stock had a trading volume of 35,712 shares, compared to its average volume of 30,601. The stock has a market cap of $116.28 million, a PE ratio of 21.11 and a beta of 1.46. ALPS Clean Energy ETF has a one year low of $19.92 and a one year high of $37.57. The firm’s 50 day moving average price is $33.37 and its two-hundred day moving average price is $31.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealthfront Advisers LLC raised its holdings in shares of ALPS Clean Energy ETF by 265.4% during the second quarter. Wealthfront Advisers LLC now owns 96,922 shares of the company’s stock valued at $2,501,000 after buying an additional 70,397 shares during the last quarter. Smithfield Trust Co bought a new position in ALPS Clean Energy ETF in the 2nd quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. increased its position in ALPS Clean Energy ETF by 9.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,848 shares of the company’s stock valued at $1,002,000 after acquiring an additional 3,320 shares during the period. Flow Traders U.S. LLC bought a new stake in ALPS Clean Energy ETF during the 2nd quarter valued at $3,920,000. Finally, Raymond James Financial Inc. acquired a new position in ALPS Clean Energy ETF during the 2nd quarter worth $96,000.

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.