Global X Rare Earth & Critical Materials ETF (NASDAQ:EART – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 20,974 shares, a decrease of 53.5% from the September 15th total of 45,091 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,155 shares, the short-interest ratio is currently 1.9 days.
Hedge Funds Weigh In On Global X Rare Earth & Critical Materials ETF
An institutional investor recently bought a new stake in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. bought a new position in Global X Rare Earth & Critical Materials ETF (NASDAQ:EART – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.34% of the company’s stock.
Global X Rare Earth & Critical Materials ETF Stock Performance
Shares of NASDAQ:EART traded down $0.08 during midday trading on Thursday, hitting $26.30. 16,807 shares of the stock were exchanged, compared to its average volume of 25,442. The business’s 50-day moving average price is $29.48 and its 200 day moving average price is $30.06. Global X Rare Earth & Critical Materials ETF has a 12 month low of $22.63 and a 12 month high of $36.92. The stock has a market capitalization of $44.71 million, a price-to-earnings ratio of -3,834.38 and a beta of 1.00.
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.
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