Short Interest in VanEck Green Metals ETF (NYSEARCA:GMET) Decreases By 58.8%

VanEck Green Metals ETF (NYSEARCA:GMETGet Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 8,214 shares, a decrease of 58.8% from the December 15th total of 19,950 shares. Based on an average daily volume of 20,453 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 20,453 shares, the days-to-cover ratio is presently 0.4 days.

VanEck Green Metals ETF Price Performance

NYSEARCA:GMET traded down $0.68 during trading hours on Friday, hitting $42.24. The stock had a trading volume of 17,349 shares, compared to its average volume of 17,386. The company has a 50 day simple moving average of $35.84 and a two-hundred day simple moving average of $30.87. The firm has a market capitalization of $31.68 million, a price-to-earnings ratio of 21.18 and a beta of 0.90. VanEck Green Metals ETF has a one year low of $16.78 and a one year high of $43.21.

Hedge Funds Weigh In On VanEck Green Metals ETF

A hedge fund recently raised its stake in VanEck Green Metals ETF stock. Flow Traders U.S. LLC grew its stake in shares of VanEck Green Metals ETF (NYSEARCA:GMETFree Report) by 53.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,340 shares of the company’s stock after buying an additional 14,338 shares during the quarter. Flow Traders U.S. LLC owned 5.51% of VanEck Green Metals ETF worth $1,311,000 at the end of the most recent quarter.

VanEck Green Metals ETF Company Profile

(Get Free Report)

The VanEck Green Metals ETF (GMET) is an exchange-traded fund that is based on the MVIS Global Clean-Tech Metals index, a market-cap-weighted index of global companies involved in mining, refining, and recycling of metals and rare earth elements that are used in technologies contributing to clean energy transition. GMET was launched on Nov 9, 2021 and is managed by VanEck.

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