iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Sees Large Growth in Short Interest

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 391,632 shares, an increase of 1,568.4% from the February 26th total of 23,474 shares. Approximately 97.9% of the shares of the company are sold short. Based on an average daily trading volume, of 44,298 shares, the days-to-cover ratio is presently 8.8 days. Based on an average daily trading volume, of 44,298 shares, the days-to-cover ratio is presently 8.8 days. Approximately 97.9% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Transition-Enabling Metals ETF

An institutional investor recently bought a new position in iShares Transition-Enabling Metals ETF stock. Jane Street Group LLC bought a new stake in iShares Transition-Enabling Metals ETF (NASDAQ:TMET) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,232 shares of the company’s stock, valued at approximately $632,000. Jane Street Group LLC owned about 5.56% of iShares Transition-Enabling Metals ETF at the end of the most recent quarter.

iShares Transition-Enabling Metals ETF Trading Down 0.2%

Shares of TMET opened at $28.54 on Wednesday. iShares Transition-Enabling Metals ETF has a 52 week low of $20.90 and a 52 week high of $37.54. The firm’s 50-day simple moving average is $31.42 and its 200 day simple moving average is $29.18.

About iShares Transition-Enabling Metals ETF

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.