Short Interest in Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Decreases By 58.8%

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 17,816 shares, a drop of 58.8% from the August 15th total of 43,245 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 8,161 shares, the days-to-cover ratio is currently 2.2 days.

Global X Rare Earth & Critical Materials ETF Trading Down 2.5%

Shares of Global X Rare Earth & Critical Materials ETF stock traded down $0.74 during trading hours on Monday, reaching $28.83. The stock had a trading volume of 18,885 shares, compared to its average volume of 26,058. The stock’s 50 day moving average is $29.01 and its 200 day moving average is $30.72. The firm has a market capitalization of $41.23 million, a PE ratio of -4,203.24 and a beta of 0.99. Global X Rare Earth & Critical Materials ETF has a twelve month low of $21.14 and a twelve month high of $36.92.

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Global X Rare Earth & Critical Materials ETF Announces Dividend

The firm also recently disclosed a semiannual dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a $0.137 dividend. This represents a yield of 96.0%. The ex-dividend date of this dividend was Monday, June 29th. Global X Rare Earth & Critical Materials ETF’s dividend payout ratio (DPR) is presently -2,624.29%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. acquired a new stake in shares of Global X Rare Earth & Critical Materials ETF (NASDAQ:EART – Free Report) during the 1st quarter, according to its most recent disclosure 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 approximately 1.30% of Global X Rare Earth & Critical Materials ETF as of its most recent SEC filing. Institutional investors own 5.34% of the company’s stock.

About Global X Rare Earth & Critical Materials ETF

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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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