iShares Global Clean Energy ETF (NASDAQ:ICLN) Short Interest Up 11.8% in September

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 7,090,000 shares, a growth of 11.8% from the August 31st total of 6,340,000 shares. Based on an average daily trading volume, of 2,697,000 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

Hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in iShares Global Clean Energy ETF in the first quarter valued at $29,000. Sage Mountain Advisors LLC lifted its stake in iShares Global Clean Energy ETF by 1,628.7% in the 2nd quarter. Sage Mountain Advisors LLC now owns 2,109 shares of the company’s stock valued at $28,000 after buying an additional 1,987 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in iShares Global Clean Energy ETF in the 2nd quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in iShares Global Clean Energy ETF in the 2nd quarter valued at approximately $31,000. Finally, Olistico Wealth LLC purchased a new position in shares of iShares Global Clean Energy ETF during the 2nd quarter worth $31,000.

iShares Global Clean Energy ETF Stock Performance

NASDAQ:ICLN traded up $0.08 during mid-day trading on Friday, hitting $14.77. 1,979,836 shares of the company’s stock traded hands, compared to its average volume of 3,212,042. The company has a fifty day moving average of $14.16 and a 200 day moving average of $14.01. The company has a market capitalization of $2.26 billion, a P/E ratio of 14.91 and a beta of 1.09. iShares Global Clean Energy ETF has a twelve month low of $12.72 and a twelve month high of $15.81.

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.