Short Interest in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Decreases By 31.3%

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 37,700 shares, a drop of 31.3% from the May 15th total of 54,900 shares. Based on an average daily trading volume, of 177,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Banque Transatlantique SA acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter worth $77,000. Royal Bank of Canada increased its position in VanEck Rare Earth and Strategic Metals ETF by 1.8% in the 1st quarter. Royal Bank of Canada now owns 19,150 shares of the company’s stock worth $757,000 after purchasing an additional 343 shares during the last quarter. OLD Mission Capital LLC raised its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 162.8% during the 1st quarter. OLD Mission Capital LLC now owns 88,071 shares of the company’s stock worth $3,481,000 after purchasing an additional 54,558 shares in the last quarter. Comerica Bank purchased a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth about $30,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at about $100,000.

VanEck Rare Earth and Strategic Metals ETF Trading Up 1.5%

NYSEARCA:REMX opened at $40.25 on Tuesday. The business’s fifty day moving average price is $38.01 and its 200 day moving average price is $40.05. The firm has a market capitalization of $290.61 million, a price-to-earnings ratio of 19.68 and a beta of 1.43. VanEck Rare Earth and Strategic Metals ETF has a 1-year low of $32.36 and a 1-year high of $51.10.

About VanEck Rare Earth and Strategic Metals ETF

The VanEck Rare Earth\u002FStrategic Metals ETF (REMX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of global companies that mine, refine, or recycle rare earth and strategic metals. REMX was launched on Oct 27, 2010 and is managed by VanEck.