Stock Traders Purchase Large Volume of iShares Global Clean Energy ETF Put Options (NASDAQ:ICLN)

iShares Global Clean Energy ETF (NASDAQ:ICLN – Get Rating) was the target of unusually large options trading activity on Friday. Traders acquired 25,037 put options on the stock. This is an increase of approximately 369% compared to the typical volume of 5,335 put options.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

Large investors have recently made changes to their positions in the business. Sandy Spring Bank bought a new position in shares of iShares Global Clean Energy ETF during the 3rd quarter valued at about $156,000. Pinnacle Associates Ltd. boosted its position in shares of iShares Global Clean Energy ETF by 10.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 12,074 shares of the company’s stock valued at $230,000 after purchasing an additional 1,150 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its position in shares of iShares Global Clean Energy ETF by 19.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 49,133 shares of the company’s stock valued at $938,000 after purchasing an additional 8,132 shares in the last quarter. Buckingham Strategic Wealth LLC boosted its holdings in shares of iShares Global Clean Energy ETF by 16.9% in the third quarter. Buckingham Strategic Wealth LLC now owns 19,393 shares of the company’s stock worth $370,000 after buying an additional 2,798 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in shares of iShares Global Clean Energy ETF by 14.3% in the third quarter. Belpointe Asset Management LLC now owns 24,482 shares of the company’s stock worth $467,000 after buying an additional 3,069 shares during the period.

iShares Global Clean Energy ETF Stock Down 3.4 %

ICLN stock opened at $18.32 on Friday. The company has a market capitalization of $4.63 billion, a P/E ratio of 35.10 and a beta of 1.06. The company has a 50-day simple moving average of $20.01 and a 200 day simple moving average of $20.08. iShares Global Clean Energy ETF has a fifty-two week low of $16.34 and a fifty-two week high of $23.85.

iShares Global Clean Energy ETF Company Profile

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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.