VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Down 28.4% in December

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 404,528 shares, a drop of 28.4% from the November 30th total of 564,990 shares. Based on an average daily trading volume, of 714,519 shares, the short-interest ratio is presently 0.6 days. Approximately 2.1% of the shares of the stock are sold short. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 714,519 shares, the short-interest ratio is presently 0.6 days.

VanEck Rare Earth and Strategic Metals ETF Stock Down 0.0%

Shares of NYSEARCA REMX traded down $0.01 during trading on Tuesday, reaching $74.00. 441,787 shares of the stock were exchanged, compared to its average volume of 596,847. The business’s 50-day moving average price is $71.30 and its 200 day moving average price is $61.69. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a twelve month low of $32.36 and a twelve month high of $81.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REMX. Uhlmann Price Securities LLC boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 4.0% during the 3rd quarter. Uhlmann Price Securities LLC now owns 5,405 shares of the company’s stock valued at $356,000 after buying an additional 208 shares during the period. LexAurum Advisors LLC increased its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 4.8% during the 3rd quarter. LexAurum Advisors LLC now owns 5,247 shares of the company’s stock worth $345,000 after purchasing an additional 239 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% during the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after purchasing an additional 280 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 30.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock valued at $86,000 after purchasing an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in VanEck Rare Earth and Strategic Metals ETF by 6.2% in the third quarter. Advisory Services Network LLC now owns 5,733 shares of the company’s stock worth $377,000 after purchasing an additional 337 shares in the last quarter.

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.