VanEck Green Metals ETF (NYSEARCA:GMET) Sees Large Decrease in Short Interest

VanEck Green Metals ETF (NYSEARCA:GMET) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 8,214 shares, a drop of 58.8% from the December 15th total of 19,950 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 20,453 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 20,453 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.1% of the company’s stock are sold short.

VanEck Green Metals ETF Stock Up 2.3%

Shares of NYSEARCA:GMET traded up $0.95 during midday trading on Wednesday, reaching $42.92. The company’s stock had a trading volume of 22,344 shares, compared to its average volume of 18,016. The firm has a 50 day moving average of $35.40 and a 200-day moving average of $30.65. The firm has a market capitalization of $32.19 million, a P/E ratio of 21.18 and a beta of 0.90. VanEck Green Metals ETF has a 12-month low of $16.78 and a 12-month high of $43.08.

Hedge Funds Weigh In On VanEck Green Metals ETF

An institutional investor recently raised its position in VanEck Green Metals ETF stock. Flow Traders U.S. LLC lifted its stake in VanEck Green Metals ETF (NYSEARCA:GMET) by 56.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,002 shares of the company’s stock after purchasing an additional 9,712 shares during the quarter. Flow Traders U.S. LLC owned about 3.38% of VanEck Green Metals ETF worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

VanEck Green Metals ETF Company Profile

The VanEck Green Metals ETF (GMET) is an exchange-traded fund that is based on the MVIS Global Clean-Tech Metals index, a market-cap-weighted index of global companies involved in mining, refining, and recycling of metals and rare earth elements that are used in technologies contributing to clean energy transition. GMET was launched on Nov 9, 2021 and is managed by VanEck.