VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Down 51.6% in March

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 696,476 shares, a drop of 51.6% from the March 15th total of 1,439,904 shares. Based on an average daily trading volume, of 1,095,824 shares, the short-interest ratio is currently 0.6 days. Approximately 2.4% of the company’s stock are sold short.

VanEck Rare Earth and Strategic Metals ETF Stock Up 1.4%

REMX stock opened at $94.50 on Friday. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $35.44 and a twelve month high of $103.68. The firm has a market cap of $2.75 billion, a PE ratio of 5.66 and a beta of 1.28. The business has a 50 day moving average of $90.33 and a 200 day moving average of $80.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at approximately $30,000. Comerica Bank bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 1st quarter valued at approximately $30,000. Sound Income Strategies LLC increased its position in VanEck Rare Earth and Strategic Metals ETF by 856.8% during the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after buying an additional 377 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter valued at approximately $33,000.

VanEck Rare Earth and Strategic Metals ETF Company Profile

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.