ACES Stock Summary and Trading Ideas (Alps Clean Energy ETF | BATS:ACES)

The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the Underlying Index ). The Underlying Index utilizes a rules-based methodology developed by CIBC National Trust Company (the Index Provider ), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The clean energy sector is comprised of companies that provide the products and services that enable the evolution of a more sustainable energy sector. Clean energy business segments include, but are not limited to, the following activities: (i) renewable energy sources, including solar power, wind power, hydroelectricity, geothermal energy, biomass, biofuels, and tidal/wave energy, (ii) clean technologies, including electric vehicles, energy storage, lithium, fuel cell, LED, smart grid, and energy efficiency technologies and (iii) other emerging clean energy activities and technologies.

Alps Clean Energy ETF trades on the BATS stock market under the symbol ACES.

As of April 19, 2024, ACES stock price was flat at $25.99 with 212,198 million shares trading.

ACES has a beta of 1.85, meaning it tends to be more sensitive to market movements. ACES has a correlation of 0.32 to the broad based SPY ETF.

ACES has a market cap of $191.68 million. This is considered a Micro Cap stock.

In the last 3 years, ACES stock traded as high as $81.89 and as low as $25.81.

ACES has underperformed the market in the last year with a price return of -41.0% while the SPY ETF gained +21.2%. ACES has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.9% and -9.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ACES support price is $25.43 and resistance is $26.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACES stock will trade within this expected range on the day.