Short Interest in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Increases By 66.7%

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,000 shares, a growth of 66.7% from the February 28th total of 2,400 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 3.6 days. Approximately 1.4% of the company’s shares are short sold.

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. acquired a new stake in shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 2.90% of iShares Energy Storage & Materials ETF as of its most recent filing with the Securities & Exchange Commission.

iShares Energy Storage & Materials ETF Trading Down 2.2 %

Shares of NASDAQ IBAT traded down $0.49 during mid-day trading on Monday, reaching $21.53. The company had a trading volume of 172 shares, compared to its average volume of 979. The stock has a market cap of $6.03 million, a price-to-earnings ratio of 21.49 and a beta of 1.08. iShares Energy Storage & Materials ETF has a 52 week low of $21.34 and a 52 week high of $26.08. The business’s 50-day moving average is $22.31 and its 200-day moving average is $23.19.

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.