iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Up 66.7% in March

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,000 shares, an increase of 66.7% from the February 28th total of 2,400 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.4% of the shares of the company are short sold.

iShares Energy Storage & Materials ETF Trading Down 2.2 %

Shares of IBAT stock traded down $0.49 during trading hours on Friday, hitting $21.53. 172 shares of the company were exchanged, compared to its average volume of 979. The stock has a market capitalization of $6.03 million, a price-to-earnings ratio of 21.49 and a beta of 1.08. The firm has a fifty day simple moving average of $22.31 and a 200 day simple moving average of $23.19. iShares Energy Storage & Materials ETF has a 52-week low of $21.34 and a 52-week high of $26.08.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

An institutional investor recently bought a new position in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. bought a new position in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 2.90% of iShares Energy Storage & Materials ETF as of its most recent SEC filing.

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.