Short Interest in Invesco MSCI Global Climate 500 ETF (NYSEARCA:KLMT) Drops By 35.4%
by Scott Moore · The Cerbat GemInvesco MSCI Global Climate 500 ETF (NYSEARCA:KLMT – Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 594 shares, a drop of 35.4% from the February 12th total of 920 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 470 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 470 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Invesco MSCI Global Climate 500 ETF stock. Jane Street Group LLC increased its stake in shares of Invesco MSCI Global Climate 500 ETF (NYSEARCA:KLMT – Free Report) by 140.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,334 shares of the company’s stock after purchasing an additional 21,801 shares during the period. Jane Street Group LLC owned approximately 0.08% of Invesco MSCI Global Climate 500 ETF worth $1,156,000 as of its most recent SEC filing.
Invesco MSCI Global Climate 500 ETF Stock Performance
Invesco MSCI Global Climate 500 ETF stock traded down $0.24 during trading hours on Friday, reaching $30.39. 317 shares of the company’s stock traded hands, compared to its average volume of 474. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 21.97 and a beta of 0.81. Invesco MSCI Global Climate 500 ETF has a fifty-two week low of $22.63 and a fifty-two week high of $32.59. The firm’s 50 day moving average is $31.66 and its 200-day moving average is $30.90.
About Invesco MSCI Global Climate 500 ETF
The Invesco MSCI Global Climate 500 ETF (KLMT) is an exchange-traded fund that is based on the MSCI ACWI Select Climate 500 index. The fund tracks an index of 500 global equities that meet specific ESG criteria. The index selects and weights securities through an optimization process designed to minimize the exposure to climate change risks. KLMT was launched on Jun 26, 2024 and is issued by Invesco.