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

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

Institutional Trading of iShares Energy Storage & Materials ETF

An institutional investor recently bought a new position in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 2.90% of iShares Energy Storage & Materials ETF as of its most recent filing with the Securities & Exchange Commission.

iShares Energy Storage & Materials ETF Stock Performance

Shares of iShares Energy Storage & Materials ETF stock traded up $0.30 during trading on Friday, hitting $22.24. 144 shares of the company’s stock were exchanged, compared to its average volume of 1,078. The stock has a market capitalization of $6.23 million, a price-to-earnings ratio of 21.51 and a beta of 1.08. The business has a 50-day simple moving average of $22.27 and a 200-day simple moving average of $23.33. 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 Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors 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.

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.