iShares Global Clean Energy ETF (NASDAQ:ICLN) Short Interest Up 5.1% in October

iShares Global Clean Energy ETF (NASDAQ:ICLN) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 7,250,000 shares, a growth of 5.1% from the October 15th total of 6,900,000 shares. Based on an average trading volume of 2,656,600 shares, the short-interest ratio is presently 2.7 days.

iShares Global Clean Energy ETF Stock Down 1.0 %

NASDAQ:ICLN opened at $12.09 on Monday. iShares Global Clean Energy ETF has a 52 week low of $11.92 and a 52 week high of $15.81. The firm has a 50 day moving average of $13.64 and a 200 day moving average of $13.96. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 14.91 and a beta of 1.09.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Perbak Capital Partners LLP acquired a new position in iShares Global Clean Energy ETF during the 1st quarter valued at approximately $19,510,000. Raymond James Financial Services Advisors Inc. increased its stake in iShares Global Clean Energy ETF by 287.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,213,173 shares of the company’s stock valued at $16,159,000 after purchasing an additional 899,946 shares in the last quarter. Canoe Financial LP acquired a new position in iShares Global Clean Energy ETF during the 3rd quarter valued at approximately $9,431,000. Florin Court Capital LLP acquired a new position in iShares Global Clean Energy ETF during the 3rd quarter valued at approximately $6,201,000. Finally, Erste Asset Management GmbH acquired a new position in iShares Global Clean Energy ETF during the 3rd quarter valued at approximately $4,407,000.

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.