Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Stock Short Interest Climbs 153.1%

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 45,091 shares, an increase of 153.1% from the August 31st total of 17,816 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average trading volume of 12,509 shares, the days-to-cover ratio is presently 3.6 days.

Global X Rare Earth & Critical Materials ETF Stock Performance

EART traded down $0.63 during trading on Monday, hitting $27.79. 3,776 shares of the stock were exchanged, compared to its average volume of 25,295. The firm has a market cap of $40.85 million, a price-to-earnings ratio of -4,051.61 and a beta of 0.99. Global X Rare Earth & Critical Materials ETF has a 1 year low of $22.63 and a 1 year high of $36.92. The firm has a 50 day simple moving average of $29.34 and a 200 day simple moving average of $30.29.

Institutional Investors Weigh In On Global X Rare Earth & Critical Materials ETF

A hedge fund recently bought a new position in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. purchased a new stake in Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,480 shares of the company’s stock, valued at approximately $641,000. D.A. Davidson & CO. owned about 1.30% of Global X Rare Earth & Critical Materials ETF as of its most recent filing with the Securities & Exchange Commission. 5.34% of the stock is owned by hedge funds and other institutional investors.

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.