ICLN is trading 3.5% higher today on clean energy momentum and energy security concerns, extending its late-June rebound after a period of volatility.
- Thematic inflows into renewables are driving the move, with the ETF outperforming slightly weaker U.S. equity futures.
- Ongoing Middle East tensions and high oil prices continue to bolster the case for alternative energy sources and global clean energy holdings.
- The sector is building on a broader equity market recovery seen earlier in the week that helped lift clean energy assets.