iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Sees Significant Growth in Short Interest

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 6,460 shares, a growth of 191.5% from the April 30th total of 2,216 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 4,674 shares, the short-interest ratio is presently 1.4 days.

iShares Transition-Enabling Metals ETF Stock Performance

NASDAQ TMET remained flat at $32.43 on Friday. The company had a trading volume of 1,668 shares, compared to its average volume of 9,928. iShares Transition-Enabling Metals ETF has a 12 month low of $22.91 and a 12 month high of $37.54. The business has a 50-day simple moving average of $31.30 and a 200 day simple moving average of $30.67.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP increased its holdings in iShares Transition-Enabling Metals ETF by 38.7% during the 3rd quarter. Susquehanna International Group LLP now owns 13,453 shares of the company’s stock worth $359,000 after purchasing an additional 3,753 shares during the period. Jane Street Group LLC purchased a new position in iShares Transition-Enabling Metals ETF during the 4th quarter worth $632,000. Ascentis Independent Advisors purchased a new position in iShares Transition-Enabling Metals ETF during the 1st quarter valued at about $305,000. Finally, Assetmark Inc. purchased a new position in iShares Transition-Enabling Metals ETF during the 1st quarter valued at about $7,271,000.

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.