ALPS Clean Energy ETF (NYSEARCA:ACES) Sees Large Decline in Short Interest

ALPS Clean Energy ETF (NYSEARCA:ACES) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 22,657 shares, a decline of 74.2% from the July 15th total of 87,937 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 81,247 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ALPS Clean Energy ETF by 9,621.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock worth $69,009,000 after purchasing an additional 2,106,690 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of ALPS Clean Energy ETF by 10.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,262,174 shares of the company’s stock valued at $40,920,000 after purchasing an additional 122,552 shares during the period. Wealthfront Advisers LLC increased its stake in ALPS Clean Energy ETF by 2.2% in the first quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock valued at $3,251,000 after purchasing an additional 2,112 shares during the last quarter. Jane Street Group LLC acquired a new position in ALPS Clean Energy ETF in the second quarter valued at $2,502,000. Finally, Millennium Management LLC acquired a new position in ALPS Clean Energy ETF in the third quarter valued at $2,038,000.

ALPS Clean Energy ETF Stock Up 0.4%

Shares of NYSEARCA:ACES traded up $0.14 during trading on Friday, reaching $32.55. The stock had a trading volume of 39,610 shares, compared to its average volume of 87,700. The stock has a market cap of $124.67 million, a P/E ratio of 21.11 and a beta of 1.43. The business has a fifty day moving average price of $33.62 and a 200-day moving average price of $34.90. ALPS Clean Energy ETF has a fifty-two week low of $27.14 and a fifty-two week high of $43.00.

About ALPS Clean Energy ETF

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.