Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Stock Short Interest Jumps 153.1%
by Mitch Edgeman · The Markets DailyGlobal X Rare Earth & Critical Materials ETF (NASDAQ:EART – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 45,091 shares, an increase of 153.1% from the August 31st total of 17,816 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 12,509 shares, the short-interest ratio is presently 3.6 days.
Institutional Trading of Global X Rare Earth & Critical Materials ETF
A hedge fund recently bought a new stake in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. acquired a new stake in Global X Rare Earth & Critical Materials ETF (NASDAQ:EART – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,480 shares of the company’s stock, valued at approximately $641,000. D.A. Davidson & CO. owned 1.30% of Global X Rare Earth & Critical Materials ETF at the end of the most recent reporting period. 5.34% of the stock is owned by hedge funds and other institutional investors.
Global X Rare Earth & Critical Materials ETF Stock Down 0.2%
Shares of Global X Rare Earth & Critical Materials ETF stock traded down $0.06 during trading hours on Friday, hitting $28.26. The company’s stock had a trading volume of 10,871 shares, compared to its average volume of 25,412. Global X Rare Earth & Critical Materials ETF has a 1-year low of $22.63 and a 1-year high of $36.92. The business has a fifty day moving average of $29.34 and a 200 day moving average of $30.30. The company has a market capitalization of $41.54 million, a PE ratio of -4,120.28 and a beta of 0.99.
Global X Rare Earth & Critical Materials ETF Company Profile
The Global X Rare Earth & Critical Materials ETF seeks to invest in companies that produce rare earth components, metals, and other raw or composite materials essential to the expansion of critical technologies—such as electric vehicles, energy storage, robotics, and radar systems. Targeted companies include those involved in the exploration, mining, production, and/or enhancement of materials like rare earth elements, lithium, copper, cobalt, nickel, manganese, graphite, zinc, platinum, palladium, and carbon fiber.