Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Short Interest Update

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 51,211 shares, a drop of 34.1% from the June 30th total of 77,735 shares. Approximately 3.6% of the company’s stock are sold short. Based on an average daily volume of 17,517 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of Global X Rare Earth & Critical Materials ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in shares of Global X Rare Earth & Critical Materials ETF by 113.1% in the first quarter. Jane Street Group LLC now owns 22,524 shares of the company’s stock valued at $325,000 after buying an additional 11,952 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Global X Rare Earth & Critical Materials ETF by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock valued at $192,000 after acquiring an additional 957 shares during the period. Cetera Investment Advisers lifted its holdings in Global X Rare Earth & Critical Materials ETF by 11.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,005 shares of the company’s stock valued at $198,000 after purchasing an additional 1,199 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Global X Rare Earth & Critical Materials ETF during the second quarter worth $326,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Global X Rare Earth & Critical Materials ETF in the third quarter valued at $368,000. Institutional investors own 5.34% of the company’s stock.

Global X Rare Earth & Critical Materials ETF Trading Down 0.2%

NASDAQ:EART opened at $27.19 on Friday. The stock has a market capitalization of $38.88 million, a PE ratio of -3,964.13 and a beta of 0.97. Global X Rare Earth & Critical Materials ETF has a 1-year low of $17.57 and a 1-year high of $36.92. The firm has a fifty day simple moving average of $29.24 and a 200 day simple moving average of $31.24.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a $0.137 dividend. The ex-dividend date was Monday, June 29th. Global X Rare Earth & Critical Materials ETF’s dividend payout ratio (DPR) is -2,624.29%.

About Global X Rare Earth & Critical Materials ETF

The Global X Rare Earth & Critical Materials ETF seeks to invest in companies that produce rare earth components, metals, and other raw or composite materials essential to the expansion of critical technologies—such as electric vehicles, energy storage, robotics, and radar systems. Targeted companies include those involved in the exploration, mining, production, and/or enhancement of materials like rare earth elements, lithium, copper, cobalt, nickel, manganese, graphite, zinc, platinum, palladium, and carbon fiber.