Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Shares Shorted: Short Interest Down 53.5% in September

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 20,974 shares, a decrease of 53.5% from the September 15th total of 45,091 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 11,155 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Global X Rare Earth & Critical Materials ETF

A hedge fund recently bought a new stake in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. bought a new stake in Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,480 shares of the company’s stock, valued at approximately $641,000. D.A. Davidson & CO. owned about 1.30% of Global X Rare Earth & Critical Materials ETF as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.34% of the company’s stock.

Global X Rare Earth & Critical Materials ETF Price Performance

Shares of NASDAQ EART traded down $0.40 during midday trading on Tuesday, reaching $26.95. 27,383 shares of the stock were exchanged, compared to its average volume of 25,544. Global X Rare Earth & Critical Materials ETF has a 12 month low of $22.63 and a 12 month high of $36.92. The business has a 50-day simple moving average of $29.58 and a two-hundred day simple moving average of $30.09. The company has a market capitalization of $40.96 million, a price-to-earnings ratio of -3,928.42 and a beta of 1.00.

About Global X Rare Earth & Critical Materials ETF

The Global X Rare Earth & Critical Materials ETF seeks to invest in companies that produce rare earth components, metals, and other raw or composite materials essential to the expansion of critical technologies—such as electric vehicles, energy storage, robotics, and radar systems. Targeted companies include those involved in the exploration, mining, production, and/or enhancement of materials like rare earth elements, lithium, copper, cobalt, nickel, manganese, graphite, zinc, platinum, palladium, and carbon fiber.