iShares Global Clean Energy ETF (NASDAQ:ICLN) Sees Large Increase in Short Interest

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,240,000 shares, a growth of 13.7% from the October 31st total of 7,250,000 shares. Based on an average trading volume of 3,080,700 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

Several large investors have recently made changes to their positions in ICLN. Sage Mountain Advisors LLC boosted its position in iShares Global Clean Energy ETF by 1,628.7% in the second 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. Phillips Financial Management LLC purchased a new position in iShares Global Clean Energy ETF during the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new position in shares of iShares Global Clean Energy ETF during the 2nd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the second quarter worth about $31,000. Finally, Headlands Technologies LLC bought a new position in shares of iShares Global Clean Energy ETF in the 2nd quarter worth about $31,000.

iShares Global Clean Energy ETF Stock Up 0.3 %

ICLN opened at $12.43 on Tuesday. iShares Global Clean Energy ETF has a 12-month low of $11.92 and a 12-month high of $15.81. The firm has a market capitalization of $1.82 billion, a P/E ratio of 14.91 and a beta of 1.09. The stock has a fifty day moving average of $13.17 and a 200-day moving average of $13.83.

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.