Short Interest in ALPS Clean Energy ETF (NYSEARCA:ACES) Grows By 405.1%

ALPS Clean Energy ETF (NYSEARCA:ACES) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 92,144 shares, an increase of 405.1% from the April 30th total of 18,243 shares. Based on an average daily trading volume, of 88,349 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.6% of the company’s shares are short sold.

ALPS Clean Energy ETF Trading Up 0.3%

Shares of NYSEARCA:ACES traded up $0.14 during trading on Friday, hitting $41.93. 322,316 shares of the company’s stock were exchanged, compared to its average volume of 91,887. The firm has a 50-day moving average price of $35.55 and a two-hundred day moving average price of $34.58. ALPS Clean Energy ETF has a 1-year low of $23.82 and a 1-year high of $42.19. The firm has a market cap of $148.85 million, a P/E ratio of 21.11 and a beta of 1.36.

Hedge Funds Weigh In On ALPS Clean Energy ETF

A number of large investors have recently added to or reduced their stakes in ACES. Northwestern Mutual Wealth Management Co. lifted its position in shares of ALPS Clean Energy ETF by 9,621.8% in the fourth 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 in the last quarter. CIBC Private Wealth Group LLC lifted 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 worth $40,920,000 after purchasing an additional 122,552 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of ALPS Clean Energy ETF in the third quarter worth $36,382,000. Wealthfront Advisers LLC lifted its position in shares of ALPS Clean Energy ETF by 2.2% in the first quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock worth $3,251,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of ALPS Clean Energy ETF in the second quarter worth $2,502,000.

ALPS Clean Energy ETF Company Profile

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.