iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Up 1,568.4% in March

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 391,632 shares, a growth of 1,568.4% from the February 26th total of 23,474 shares. Based on an average trading volume of 44,298 shares, the days-to-cover ratio is currently 8.8 days. Approximately 97.9% of the company’s stock are sold short. Approximately 97.9% of the company’s stock are sold short. Based on an average trading volume of 44,298 shares, the days-to-cover ratio is currently 8.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP grew its position in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,453 shares of the company’s stock after purchasing an additional 3,753 shares during the quarter. Susquehanna International Group LLP owned approximately 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 as of its most recent filing with the SEC.

iShares Transition-Enabling Metals ETF Trading Down 0.2%

NASDAQ TMET traded down $0.07 on Tuesday, hitting $28.54. 11,743 shares of the stock were exchanged, compared to its average volume of 13,715. The company has a 50-day moving average price of $31.42 and a 200-day moving average price of $29.18. iShares Transition-Enabling Metals ETF has a fifty-two week low of $20.90 and a fifty-two week high of $37.54.

About iShares Transition-Enabling Metals ETF

The iShares Transition-Enabling Metals ETF (TMET) is an exchange-traded fund that is based on the ICE Clean Energy Transition Metals index. The fund tracks an index that measures the performance of a basket of exchange-traded metals futures contracts. The metals selected are those considered essential to clean energy technologies in supporting the transition to a low-carbon economy. TMET was launched on Sep 26, 2023 and is issued by BlackRock.