iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Update

iShares Transition-Enabling Metals ETF (NASDAQ:TMETGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,460 shares, an increase of 191.5% from the April 30th total of 2,216 shares. Based on an average trading volume of 4,674 shares, the short-interest ratio is presently 1.4 days. Approximately 0.7% of the company’s shares are short sold.

iShares Transition-Enabling Metals ETF Stock Performance

TMET stock remained flat at $32.43 during trading on Friday. The company’s stock had a trading volume of 1,668 shares, compared to its average volume of 9,928. The firm’s 50-day simple moving average is $31.30 and its 200 day simple moving average is $30.67. iShares Transition-Enabling Metals ETF has a 1 year low of $22.91 and a 1 year high of $37.54.

Institutional Trading of iShares Transition-Enabling Metals ETF

Several institutional investors and hedge funds have recently bought and sold shares of TMET. Jane Street Group LLC acquired a new stake in shares of iShares Transition-Enabling Metals ETF during the 4th quarter worth approximately $632,000. Susquehanna International Group LLP raised its position in shares of iShares Transition-Enabling Metals ETF by 38.7% during the 3rd quarter. Susquehanna International Group LLP now owns 13,453 shares of the company’s stock worth $359,000 after purchasing an additional 3,753 shares during the period. Assetmark Inc. acquired a new stake in shares of iShares Transition-Enabling Metals ETF during the 1st quarter worth approximately $7,271,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of iShares Transition-Enabling Metals ETF during the 1st quarter worth approximately $305,000.

About iShares Transition-Enabling Metals ETF

(Get Free Report)

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.

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