iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Down 92.6% in March

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 28,854 shares, a decline of 92.6% from the March 15th total of 391,632 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average trading volume of 11,795 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Trading of iShares Transition-Enabling Metals ETF

A hedge fund recently raised its stake in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP increased its stake in iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,453 shares of the company’s stock after acquiring an additional 3,753 shares during the quarter. Susquehanna International Group LLP owned 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 at the end of the most recent reporting period.

iShares Transition-Enabling Metals ETF Trading Up 1.0%

NASDAQ:TMET opened at $31.10 on Friday. The company has a fifty day moving average of $30.54 and a 200-day moving average of $29.54. iShares Transition-Enabling Metals ETF has a twelve month low of $22.34 and a twelve month high of $37.54.

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.