iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Trading Down 0.8% – Here’s Why

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) shares traded down 0.8% during trading on Monday . The company traded as low as $22.27 and last traded at $22.22. 59 shares were traded during trading, a decline of 94% from the average session volume of 1,041 shares. The stock had previously closed at $22.41.

iShares Energy Storage & Materials ETF Stock Down 0.1 %

The firm has a market cap of $6.24 million, a PE ratio of 21.49 and a beta of 1.08. The business has a 50 day simple moving average of $22.30 and a two-hundred day simple moving average of $23.22.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

An institutional investor recently bought a new position in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. bought a new position in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 2.90% of iShares Energy Storage & Materials ETF at the end of the most recent quarter.

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.