iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Short Interest Down 45.8% in February

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

iShares Energy Storage & Materials ETF Trading Down 1.1 %

NASDAQ IBAT opened at $22.03 on Friday. The company has a market capitalization of $6.17 million, a PE ratio of 21.35 and a beta of 1.08. iShares Energy Storage & Materials ETF has a 1-year low of $21.37 and a 1-year high of $26.08. The firm’s fifty day simple moving average is $22.27 and its 200-day simple moving average is $23.43.

iShares Energy Storage & Materials ETF Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, December 17th.

Hedge Funds 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 shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 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.