VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Update

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,241,101 shares, an increase of 53.8% from the January 29th total of 806,919 shares. Based on an average daily volume of 1,604,230 shares, the short-interest ratio is presently 0.8 days. Approximately 4.2% of the shares of the company are sold short. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 1,604,230 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF

Several institutional investors have recently modified their holdings of REMX. Sunbelt Securities Inc. acquired a new stake in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at about $30,000. Sound Income Strategies LLC increased its stake 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 during the period. Hazlett Burt & Watson Inc. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth about $33,000. Finally, Consultiva Wealth Management CORP. acquired a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $37,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

VanEck Rare Earth and Strategic Metals ETF stock opened at $99.86 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $32.36 and a 1 year high of $102.40. The firm’s 50-day moving average is $87.20 and its 200-day moving average is $74.34. The company has a market cap of $2.94 billion, a P/E ratio of 5.66 and a beta of 1.41.

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.