VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Update

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 333,627 shares, a decline of 17.5% from the December 15th total of 404,528 shares. Based on an average trading volume of 801,614 shares, the short-interest ratio is currently 0.4 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 801,614 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of 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 buying an additional 163,753 shares in the last quarter. Quadrature Capital Ltd lifted its stake in VanEck Rare Earth and Strategic Metals ETF by 602.3% in the third quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock valued at $13,993,000 after acquiring an additional 182,497 shares during the last quarter. PFG Advisors acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the third quarter valued at approximately $11,005,000. Financial Sense Advisors Inc. bought a new stake in VanEck Rare Earth and Strategic Metals ETF in the third quarter worth approximately $8,965,000. Finally, Avalon Capital Management acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the 3rd quarter worth $5,911,000.

VanEck Rare Earth and Strategic Metals ETF Trading Down 1.5%

Shares of NYSEARCA:REMX opened at $89.18 on Tuesday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $32.36 and a 1 year high of $91.89. The business has a fifty day simple moving average of $75.79 and a 200 day simple moving average of $66.01.

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.