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

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,957 shares, a drop of 94.9% from the July 15th total of 38,687 shares. Based on an average trading volume of 39,655 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

iShares Energy Storage & Materials ETF Stock Up 0.6%

Shares of NASDAQ:IBAT traded up $0.25 during midday trading on Thursday, reaching $42.05. The company’s stock had a trading volume of 19,856 shares, compared to its average volume of 37,721. The firm has a market cap of $75.69 million, a price-to-earnings ratio of 18.48 and a beta of 1.56. The business has a 50 day moving average price of $41.81 and a 200 day moving average price of $39.13. iShares Energy Storage & Materials ETF has a 1 year low of $24.70 and a 1 year high of $48.15.

iShares Energy Storage & Materials ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC raised its stake in shares of iShares Energy Storage & Materials ETF by 204.9% in the 2nd quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock valued at $56,000 after acquiring an additional 832 shares during the period. CX Institutional purchased a new stake in shares of iShares Energy Storage & Materials ETF during the second quarter valued at approximately $80,000. Glassman Wealth Services acquired a new position in iShares Energy Storage & Materials ETF in the 1st quarter worth $154,000. 4WEALTH Advisors Inc. acquired a new position in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $218,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of iShares Energy Storage & Materials ETF during the 1st quarter valued at approximately $230,000.

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.