VanEck Rare Earth and Strategic Metals ETF Target of Unusually High Options Trading (NYSEARCA:REMX)

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the recipient of unusually large options trading activity on Monday. Investors acquired 2,449 call options on the stock. This is an increase of approximately 74% compared to the typical volume of 1,410 call options.

Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF

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

VanEck Rare Earth and Strategic Metals ETF Stock Up 2.3%

REMX stock traded up $2.31 during trading on Monday, hitting $100.77. 1,365,422 shares of the company’s stock traded hands, compared to its average volume of 1,844,413. The firm has a market capitalization of $2.58 billion, a P/E ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $32.36 and a 1 year high of $102.40. The business has a fifty day simple moving average of $77.80 and a two-hundred day simple moving average of $67.48.

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.