Short Interest in iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Declines By 47.7%

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 15,081 shares, a decline of 47.7% from the March 31st total of 28,854 shares. Based on an average daily volume of 8,115 shares, the short-interest ratio is presently 1.9 days. Approximately 1.7% of the shares of the company are short sold.

iShares Transition-Enabling Metals ETF Price Performance

NASDAQ TMET opened at $31.74 on Monday. iShares Transition-Enabling Metals ETF has a twelve month low of $22.34 and a twelve month high of $37.54. The stock has a 50-day simple moving average of $30.81 and a 200 day simple moving average of $29.95.

Hedge Funds Weigh In On iShares Transition-Enabling Metals ETF

An institutional investor recently raised its position in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP increased its holdings in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,453 shares of the company’s stock after purchasing an additional 3,753 shares during the period. Susquehanna International Group LLP owned approximately 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 Company Profile

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.