Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Short Interest Down 34.1% in July

Global X Rare Earth & Critical Materials ETF (NASDAQ:EARTGet Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 51,211 shares, a decrease of 34.1% from the June 30th total of 77,735 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 17,517 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of Global X Rare Earth & Critical Materials ETF

A number of large investors have recently made changes to their positions in EART. Royal Bank of Canada purchased a new position in Global X Rare Earth & Critical Materials ETF in the 4th quarter worth about $3,332,000. Cetera Investment Advisers boosted its position in Global X Rare Earth & Critical Materials ETF by 867.0% in the 4th quarter. Cetera Investment Advisers now owns 111,329 shares of the company’s stock valued at $3,092,000 after buying an additional 99,816 shares during the period. Flow Traders U.S. LLC purchased a new stake in Global X Rare Earth & Critical Materials ETF in the 2nd quarter valued at about $326,000. D.A. Davidson & CO. bought a new position in Global X Rare Earth & Critical Materials ETF in the 1st quarter worth about $641,000. Finally, Susquehanna International Group LLP bought a new position in Global X Rare Earth & Critical Materials ETF in the 3rd quarter worth about $368,000. 5.34% of the stock is owned by hedge funds and other institutional investors.

Global X Rare Earth & Critical Materials ETF Stock Down 1.5%

EART traded down $0.40 during trading hours on Friday, reaching $26.84. 736 shares of the company’s stock traded hands, compared to its average volume of 28,485. The firm has a 50-day moving average price of $29.33 and a 200 day moving average price of $31.26. Global X Rare Earth & Critical Materials ETF has a 52-week low of $17.57 and a 52-week high of $36.92. The firm has a market capitalization of $38.38 million, a PE ratio of -3,913.11 and a beta of 0.97.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a dividend of $0.137 per share. The ex-dividend date was Monday, June 29th. Global X Rare Earth & Critical Materials ETF’s dividend payout ratio (DPR) is -2,624.29%.

Global X Rare Earth & Critical Materials ETF Company Profile

(Get Free Report)

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.

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