The iShares Global Clean Energy ETF (ICLN) reported a significant outflow of approximately $181.5 million, equating to a 7.9% decrease in shares outstanding, from 125.6 million to 115.7 million within the week. This drop comes as shares of major underlying components like First Solar Inc (FSLR), Bloom Energy Corp (BE), and Nextpower Inc (NXT) declined by 1.6%, 0.1%, and 2.4%, respectively.
Over the past year, ICLN’s share price fluctuated between a low of $14.49 and a high of $23.78, with the last reported trade at $18.18. The recent outflow reflects broader market trends impacting investor interest in clean energy equities.
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