iShares Global Clean Energy ETF (NASDAQ:ICLN) Sees Significant Increase in Short Interest

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 9,913,210 shares, an increase of 61.2% from the May 14th total of 6,148,963 shares. Approximately 8.2% of the shares of the stock are short sold. Based on an average trading volume of 6,586,443 shares, the days-to-cover ratio is presently 1.5 days.

iShares Global Clean Energy ETF Stock Down 1.0%

ICLN opened at $20.82 on Wednesday. The firm has a market cap of $2.52 billion, a PE ratio of 17.16 and a beta of 1.07. The business has a fifty day simple moving average of $20.90 and a 200-day simple moving average of $18.86. iShares Global Clean Energy ETF has a fifty-two week low of $12.55 and a fifty-two week high of $23.78.

iShares Global Clean Energy ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0561 per share. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of iShares Global Clean Energy ETF

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in iShares Global Clean Energy ETF by 16.4% during the 1st quarter. NewEdge Advisors LLC now owns 16,253 shares of the company’s stock valued at $297,000 after purchasing an additional 2,292 shares during the period. Western Wealth Management LLC acquired a new stake in iShares Global Clean Energy ETF during the 1st quarter valued at $169,000. Bank of America Corp DE raised its stake in iShares Global Clean Energy ETF by 2.8% during the 1st quarter. Bank of America Corp DE now owns 3,769,084 shares of the company’s stock valued at $68,937,000 after purchasing an additional 103,067 shares during the period. Gateway Wealth Partners LLC acquired a new stake in iShares Global Clean Energy ETF during the 1st quarter valued at $578,000. Finally, Boreal Capital Management LLC acquired a new stake in iShares Global Clean Energy ETF during the 1st quarter valued at $31,000.

About iShares Global Clean Energy ETF

iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.