iShares Global Clean Energy ETF (NASDAQ:ICLN) Sees Large Decline in Short Interest
iShares Global Clean Energy ETF (NASDAQ:ICLN – Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,530,000 shares, a decrease of 30.2% from the November 15th total of 6,490,000 shares. Based on an average daily volume of 3,325,100 shares, the short-interest ratio is currently 1.4 days.
Institutional Investors Weigh In On iShares Global Clean Energy ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICLN. Nadler Financial Group Inc. purchased a new stake in shares of iShares Global Clean Energy ETF during the second quarter worth $227,000. Cambridge Trust Co. lifted its holdings in iShares Global Clean Energy ETF by 47.2% during the 1st quarter. Cambridge Trust Co. now owns 136,371 shares of the company’s stock worth $2,697,000 after purchasing an additional 43,703 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in iShares Global Clean Energy ETF by 1.6% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 135,592 shares of the company’s stock worth $2,495,000 after purchasing an additional 2,195 shares during the period. Charter Oak Capital Management LLC purchased a new position in iShares Global Clean Energy ETF during the 3rd quarter valued at about $162,000. Finally, Headinvest LLC bought a new stake in shares of iShares Global Clean Energy ETF during the second quarter valued at about $176,000.
iShares Global Clean Energy ETF Stock Performance
NASDAQ:ICLN traded up $0.11 during trading hours on Friday, reaching $15.30. The stock had a trading volume of 7,381,173 shares, compared to its average volume of 3,115,220. The stock has a market cap of $3.11 billion, a P/E ratio of 35.10 and a beta of 1.09. The stock has a 50 day simple moving average of $13.85 and a 200 day simple moving average of $15.92. iShares Global Clean Energy ETF has a 12-month low of $12.72 and a 12-month high of $21.60.
About iShares Global Clean Energy ETF (Get Free Report)
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.
Further Reading
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