Global X Rare Earth & Critical Materials ETF (NASDAQ:EART – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 20,974 shares, a decline of 53.5% from the September 15th total of 45,091 shares. Based on an average daily volume of 11,155 shares, the short-interest ratio is currently 1.9 days. Currently, 1.4% of the shares of the company are short sold.
Institutional Trading of Global X Rare Earth & Critical Materials ETF
An institutional investor recently bought a new stake in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. acquired a new position in shares of Global X Rare Earth & Critical Materials ETF (NASDAQ:EART – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,480 shares of the company’s stock, valued at approximately $641,000. D.A. Davidson & CO. owned approximately 1.30% of Global X Rare Earth & Critical Materials ETF as of its most recent SEC filing. Institutional investors and hedge funds own 5.34% of the company’s stock.
Global X Rare Earth & Critical Materials ETF Stock Performance
Shares of NASDAQ EART traded down $0.40 during trading hours on Tuesday, reaching $26.95. 27,383 shares of the stock were exchanged, compared to its average volume of 25,544. The firm has a market capitalization of $40.96 million, a price-to-earnings ratio of -3,928.42 and a beta of 1.00. Global X Rare Earth & Critical Materials ETF has a 52 week low of $22.63 and a 52 week high of $36.92. The stock’s fifty day simple moving average is $29.58 and its 200 day simple moving average is $30.09.
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.
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