iShares Transition-Enabling Metals ETF (NASDAQ:TMET – Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,216 shares, a decline of 85.3% from the April 15th total of 15,081 shares. Based on an average daily trading volume, of 3,326 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.
iShares Transition-Enabling Metals ETF Stock Performance
TMET traded down $0.10 on Tuesday, reaching $33.64. 1,302 shares of the stock were exchanged, compared to its average volume of 10,440. The company’s 50-day moving average price is $30.97 and its 200 day moving average price is $30.21. iShares Transition-Enabling Metals ETF has a fifty-two week low of $22.69 and a fifty-two week high of $37.54.
Institutional Trading of iShares Transition-Enabling Metals ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in iShares Transition-Enabling Metals ETF during the 1st quarter worth about $7,271,000. Ascentis Independent Advisors acquired a new stake in iShares Transition-Enabling Metals ETF during the 1st quarter worth about $305,000. Jane Street Group LLC acquired a new stake in iShares Transition-Enabling Metals ETF during the 4th quarter worth about $632,000. Finally, Susquehanna International Group LLP lifted its position in iShares Transition-Enabling Metals ETF by 38.7% during the 3rd quarter. Susquehanna International Group LLP now owns 13,453 shares of the company’s stock worth $359,000 after acquiring an additional 3,753 shares during the period.
iShares Transition-Enabling Metals ETF Company Profile
The iShares Transition-Enabling Metals ETF (TMET) is an exchange-traded fund that is based on the ICE Clean Energy Transition Metals index. The fund tracks an index that measures the performance of a basket of exchange-traded metals futures contracts. The metals selected are those considered essential to clean energy technologies in supporting the transition to a low-carbon economy. TMET was launched on Sep 26, 2023 and is issued by BlackRock.
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