iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Trading Down 0.5% – Time to Sell?

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) traded down 0.5% during trading on Monday . The stock traded as low as $32.85 and last traded at $32.99. 10,033 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 25,131 shares. The stock had previously closed at $33.16.

iShares Energy Storage & Materials ETF Trading Up 0.9%

The stock has a fifty day simple moving average of $33.75 and a two-hundred day simple moving average of $31.19. The firm has a market cap of $30.30 million, a PE ratio of 18.48 and a beta of 0.99.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new stake in iShares Energy Storage & Materials ETF in the 2nd quarter worth approximately $252,000. Guardian Capital LP bought a new position in shares of iShares Energy Storage & Materials ETF in the third quarter worth $1,663,000. Citadel Advisors LLC bought a new position in shares of iShares Energy Storage & Materials ETF in the third quarter worth $644,000. Finally, Midwest Financial Partners Investments Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF in the fourth quarter worth $1,519,000.

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. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.