iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Sees Large Increase in Short Interest

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 7,800 shares, a growth of 680.0% from the November 15th total of 1,000 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 15.6 days.

iShares Energy Storage & Materials ETF Price Performance

Shares of NASDAQ IBAT traded down $0.03 during midday trading on Friday, reaching $23.37. 113 shares of the company’s stock traded hands, compared to its average volume of 1,239. The stock’s 50 day simple moving average is $23.93 and its 200-day simple moving average is $24.08. iShares Energy Storage & Materials ETF has a one year low of $22.15 and a one year high of $26.08.

iShares Energy Storage & Materials ETF Company Profile

The iShares Energy Storage & Materials ETF (IBAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a price-weighted index of companies involved in energy storage solutions around the globe. The fund seeks to provide long-term growth opportunities from companies involved in the transition to a low-carbon economy.