Short Interest in iShares Global Clean Energy ETF (NASDAQ:ICLN) Grows By 5.1%

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

Institutional Investors Weigh In On iShares Global Clean Energy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in iShares Global Clean Energy ETF by 45.7% in the first quarter. Janney Montgomery Scott LLC now owns 39,665 shares of the company’s stock worth $555,000 after purchasing an additional 12,433 shares during the period. Penobscot Wealth Management grew its holdings in iShares Global Clean Energy ETF by 4.4% in the second quarter. Penobscot Wealth Management now owns 126,665 shares of the company’s stock worth $1,724,000 after purchasing an additional 5,308 shares during the period. Farther Finance Advisors LLC grew its holdings in iShares Global Clean Energy ETF by 57.7% in the second quarter. Farther Finance Advisors LLC now owns 24,055 shares of the company’s stock worth $320,000 after purchasing an additional 8,803 shares during the period. Jane Street Group LLC grew its holdings in iShares Global Clean Energy ETF by 54.2% in the first quarter. Jane Street Group LLC now owns 644,950 shares of the company’s stock worth $9,016,000 after purchasing an additional 226,758 shares during the period. Finally, Virtu Financial LLC purchased a new stake in iShares Global Clean Energy ETF in the first quarter worth about $267,000.

iShares Global Clean Energy ETF Stock Performance

Shares of ICLN opened at $12.14 on Tuesday. The stock has a market cap of $1.78 billion, a PE ratio of 14.91 and a beta of 1.09. iShares Global Clean Energy ETF has a fifty-two week low of $11.92 and a fifty-two week high of $15.81. The firm’s 50-day simple moving average is $13.61 and its two-hundred day simple moving average is $13.95.

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.