Short Interest in iShares Global Clean Energy ETF (NASDAQ:ICLN) Drops By 10.0%

iShares Global Clean Energy ETF (NASDAQ:ICLN) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 6,630,000 shares, a drop of 10.0% from the July 15th total of 7,370,000 shares. Based on an average daily trading volume, of 3,036,200 shares, the days-to-cover ratio is presently 2.2 days.

iShares Global Clean Energy ETF Stock Performance

NASDAQ ICLN traded down $0.02 during trading on Friday, reaching $14.17. 902,602 shares of the company traded hands, compared to its average volume of 3,409,452. The stock’s 50 day moving average price is $13.94 and its two-hundred day moving average price is $13.97. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 14.91 and a beta of 1.09. iShares Global Clean Energy ETF has a 1-year low of $12.72 and a 1-year high of $16.54.

iShares Global Clean Energy ETF Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.0959 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

Institutional investors have recently added to or reduced their stakes in the stock. Northwest Financial Advisors acquired a new stake in iShares Global Clean Energy ETF during the fourth quarter valued at approximately $29,000. Future Financial Wealth Managment LLC bought a new position in shares of iShares Global Clean Energy ETF in the first quarter valued at approximately $29,000. Sage Mountain Advisors LLC raised its stake in shares of 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 acquiring an additional 1,987 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares Global Clean Energy ETF in the second quarter valued at approximately $31,000. Finally, Headlands Technologies LLC bought a new position in shares of iShares Global Clean Energy ETF in the second quarter valued at approximately $31,000.

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.