VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,212,508 shares, a growth of 74.1% from the April 15th total of 696,340 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 1,059,694 shares, the days-to-cover ratio is presently 1.1 days.
Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF
A number of large investors have recently modified their holdings of REMX. PNC Financial Services Group Inc. increased its stake in VanEck Rare Earth and Strategic Metals ETF by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,739 shares of the company’s stock valued at $681,000 after purchasing an additional 132 shares in the last quarter. Money Concepts Capital Corp increased its stake in VanEck Rare Earth and Strategic Metals ETF by 2.5% during the 1st quarter. Money Concepts Capital Corp now owns 7,608 shares of the company’s stock valued at $670,000 after purchasing an additional 188 shares in the last quarter. Uhlmann Price Securities LLC increased its stake in VanEck Rare Earth and Strategic Metals ETF by 4.0% during the 3rd quarter. Uhlmann Price Securities LLC now owns 5,405 shares of the company’s stock valued at $356,000 after purchasing an additional 208 shares in the last quarter. Sound Income Strategies LLC increased its stake in VanEck Rare Earth and Strategic Metals ETF by 49.6% during the 1st quarter. Sound Income Strategies LLC now owns 630 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares in the last quarter. Finally, LexAurum Advisors LLC increased its stake in VanEck Rare Earth and Strategic Metals ETF by 4.8% during the 3rd quarter. LexAurum Advisors LLC now owns 5,247 shares of the company’s stock valued at $345,000 after purchasing an additional 239 shares in the last quarter.
VanEck Rare Earth and Strategic Metals ETF Stock Down 2.4%
VanEck Rare Earth and Strategic Metals ETF stock traded down $2.32 during mid-day trading on Monday, hitting $94.25. 1,088,611 shares of the stock were exchanged, compared to its average volume of 1,431,670. The firm’s fifty day simple moving average is $95.37 and its two-hundred day simple moving average is $85.78. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33. VanEck Rare Earth and Strategic Metals ETF has a 12 month low of $35.72 and a 12 month high of $111.55.
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.
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