iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Large Decrease in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,300 shares, a decline of 45.8% from the January 31st total of 2,400 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 1.4 days.

iShares Energy Storage & Materials ETF Trading Down 1.1 %

Shares of NASDAQ IBAT traded down $0.25 during midday trading on Friday, reaching $22.03. 609 shares of the stock were exchanged, compared to its average volume of 1,154. The company has a market capitalization of $6.17 million, a P/E ratio of 21.35 and a beta of 1.08. iShares Energy Storage & Materials ETF has a 52-week low of $21.37 and a 52-week high of $26.08. The stock has a 50 day moving average price of $22.27 and a 200-day moving average price of $23.43.

iShares Energy Storage & Materials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

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 its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.