5 Best Battery ETFs to Buy Now

1. WisdomTree Battery Solutions UCITS ETF – USD Acc (LSE: CHRG.L)

WisdomTree Battery Solutions UCITS ETF – USD Acc (LSE: CHRG.L) is an exchange traded fund that tracks the investment results of the WisdomTree Battery Solutions Index which comprises firms working in the battery technology sector. 

WisdomTree Battery Solutions UCITS ETF – USD Acc (LSE: CHRG.L) has over $18 million in net assets under management with a net expense ratio of 0.40%. The 52-week price range of the fund is between $27 and $3,425. 

One of the premier holdings of the fund is Plug Power Inc. (NASDAQ: PLUG), a company that markets usage of hydrogen fuel cells in electric vehicles and ships. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Plug Power Inc. (NASDAQ: PLUG) with 12 million shares worth more than $433 million.

In its Q2 2020 investor letter, Massif Capital, an asset management firm, highlighted a few stocks and Plug Power Inc. (NASDAQ: PLUG) was one of them. Here is what the fund said:

“We also closed our short position in Plug Power this quarter as the market was subsumed with enthusiasm over their recent acquisitions, resulting in an almost 80% rally in the stock over ten trading days. Our decision to exit was painful at the time as we were forced to reconcile with a collective exuberance that was (and is, in our opinion) not grounded reality. In hindsight, it was the correct decision as we avoided most of its recent vertical trajectory.”

You can also take a peek at 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 14 Best European Dividend Stocks To Buy.

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