iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Update

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,400 shares, a growth of 84.6% from the February 13th total of 1,300 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned about 2.90% of iShares Energy Storage & Materials ETF at the end of the most recent reporting period.

iShares Energy Storage & Materials ETF Price Performance

IBAT traded up $0.30 during midday trading on Friday, reaching $22.24. 144 shares of the company’s stock traded hands, compared to its average volume of 1,078. The firm has a fifty day moving average of $22.27 and a two-hundred day moving average of $23.32. The stock has a market capitalization of $6.23 million, a price-to-earnings ratio of 21.51 and a beta of 1.08. iShares Energy Storage & Materials ETF has a 52 week low of $21.34 and a 52 week high of $26.08.

iShares Energy Storage & Materials ETF Dividend Announcement

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

About iShares Energy Storage & Materials ETF

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.