iShares Global Clean Energy ETF Sees Unusually High Options Volume (NASDAQ:ICLN)

iShares Global Clean Energy ETF (NASDAQ:ICLN) saw unusually large options trading on Friday. Stock investors purchased 7,044 call options on the company. This represents an increase of approximately 393% compared to the average daily volume of 1,430 call options.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC raised its stake in iShares Global Clean Energy ETF by 1.6% in the 4th quarter. Minot DeBlois Advisors LLC now owns 39,205 shares of the company’s stock worth $644,000 after acquiring an additional 604 shares during the last quarter. Money Concepts Capital Corp raised its stake in iShares Global Clean Energy ETF by 5.5% in the 1st quarter. Money Concepts Capital Corp now owns 12,575 shares of the company’s stock worth $230,000 after acquiring an additional 650 shares during the last quarter. Cardinal Point Capital Management ULC raised its stake in iShares Global Clean Energy ETF by 1.4% in the 4th quarter. Cardinal Point Capital Management ULC now owns 50,061 shares of the company’s stock worth $822,000 after acquiring an additional 696 shares during the last quarter. FWL Investment Management LLC raised its stake in iShares Global Clean Energy ETF by 26.8% in the 3rd quarter. FWL Investment Management LLC now owns 3,310 shares of the company’s stock worth $51,000 after acquiring an additional 700 shares during the last quarter. Finally, Palisades Hudson Asset Management L.P. grew its position in iShares Global Clean Energy ETF by 2.4% during the 3rd quarter. Palisades Hudson Asset Management L.P. now owns 32,055 shares of the company’s stock worth $496,000 after purchasing an additional 757 shares during the period.

iShares Global Clean Energy ETF Price Performance

Shares of ICLN stock opened at $20.92 on Friday. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 17.16 and a beta of 1.07. The business has a fifty day moving average of $20.78 and a 200 day moving average of $18.78. iShares Global Clean Energy ETF has a 1 year low of $12.55 and a 1 year high of $23.78.

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. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.