Investors Buy Large Volume of VanEck Rare Earth and Strategic Metals ETF Call Options (NYSEARCA:REMX)

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) saw some unusual options trading on Monday. Investors acquired 2,449 call options on the stock. This represents an increase of 74% compared to the typical volume of 1,410 call options.

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

A number of institutional investors and hedge funds have recently modified their holdings of REMX. Robinhood Asset Management LLC purchased a new position in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at approximately $14,259,000. Quadrature Capital Ltd boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 602.3% in the 3rd quarter. Quadrature Capital Ltd now owns 212,795 shares of the company’s stock valued at $13,993,000 after purchasing an additional 182,497 shares during the period. PFG Advisors bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 3rd quarter valued at $11,005,000. Bank of America Corp DE grew its position in shares of VanEck Rare Earth and Strategic Metals ETF by 183.3% during the 2nd quarter. Bank of America Corp DE now owns 253,106 shares of the company’s stock valued at $10,271,000 after purchasing an additional 163,753 shares in the last quarter. Finally, Financial Sense Advisors Inc. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the third quarter worth $8,965,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of REMX opened at $96.91 on Tuesday. The stock’s 50-day simple moving average is $78.29 and its 200 day simple moving average is $67.85. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $32.36 and a 52-week high of $102.40.

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.