Short Interest in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Grows By 46.3%

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,439,904 shares, an increase of 46.3% from the February 26th total of 984,144 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 1,385,625 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of VanEck Rare Earth and Strategic Metals ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 121.6% in the 4th quarter. LPL Financial LLC now owns 598,454 shares of the company’s stock valued at $44,238,000 after acquiring an additional 328,393 shares during the period. Quadrature Capital Ltd raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 104.2% in the 4th quarter. Quadrature Capital Ltd now owns 434,493 shares of the company’s stock valued at $32,118,000 after purchasing an additional 221,698 shares during the period. Bank of America Corp DE lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 183.3% in the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after purchasing an additional 163,753 shares during the last quarter. Wells Fargo & Company MN grew its holdings in VanEck Rare Earth and Strategic Metals ETF by 99.1% during the fourth quarter. Wells Fargo & Company MN now owns 234,514 shares of the company’s stock worth $17,335,000 after purchasing an additional 116,710 shares during the period. Finally, UBS Group AG grew its holdings in VanEck Rare Earth and Strategic Metals ETF by 191.1% during the fourth quarter. UBS Group AG now owns 213,309 shares of the company’s stock worth $15,768,000 after purchasing an additional 140,044 shares during the period.

VanEck Rare Earth and Strategic Metals ETF Trading Up 1.5%

Shares of VanEck Rare Earth and Strategic Metals ETF stock traded up $1.32 on Monday, reaching $87.42. 296,646 shares of the company were exchanged, compared to its average volume of 1,580,125. VanEck Rare Earth and Strategic Metals ETF has a one year low of $32.36 and a one year high of $103.68. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. The company has a 50-day moving average of $91.09 and a 200 day moving average of $78.77.

VanEck Rare Earth and Strategic Metals ETF Company Profile

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.