VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Up 193.4% in August

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) saw a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 230,000 shares, anincreaseof193.4% from the July 31st total of 78,400 shares. Based on an average daily trading volume, of 482,300 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 482,300 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of VanEck Rare Earth and Strategic Metals ETF

Large investors have recently modified their holdings of the company. MAI Capital Management acquired a new position in VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter valued at $30,000. Comerica Bank acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 1st quarter worth about $30,000. Northwestern Mutual Wealth Management Co. increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 74.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 890 shares of the company’s stock worth $36,000 after purchasing an additional 379 shares in the last quarter. Picton Mahoney Asset Management increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 42.9% during the 1st quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock worth $40,000 after purchasing an additional 300 shares in the last quarter. Finally, CWM LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 65.4% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $76,000 after purchasing an additional 736 shares in the last quarter.

VanEck Rare Earth and Strategic Metals ETF Trading Up 2.5%

REMX stock opened at $60.92 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 52 week low of $32.36 and a 52 week high of $64.02. The company has a market capitalization of $638.44 million, a price-to-earnings ratio of 5.66 and a beta of 1.39. The firm’s 50-day moving average is $52.76 and its two-hundred day moving average is $43.82.

About VanEck Rare Earth and Strategic Metals ETF

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.