Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Stock Short Interest Report for September

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 20,974 shares, a decrease of 53.5% from the September 15th total of 45,091 shares. Based on an average daily trading volume, of 11,155 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.4% of the company’s shares are sold short.

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. purchased a new stake in shares of Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,480 shares of the company’s stock, valued at approximately $641,000. D.A. Davidson & CO. owned 1.30% of Global X Rare Earth & Critical Materials ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 5.34% of the company’s stock.

Global X Rare Earth & Critical Materials ETF Stock Down 3.5%

Shares of EART stock traded down $0.95 during trading hours on Wednesday, reaching $26.27. 8,031 shares of the stock traded hands, compared to its average volume of 25,469. The firm has a market capitalization of $39.94 million, a PE ratio of -3,830.73 and a beta of 1.00. Global X Rare Earth & Critical Materials ETF has a 1-year low of $22.63 and a 1-year high of $36.92. The business has a fifty day moving average price of $29.55 and a 200 day moving average price of $30.08.

Global X Rare Earth & Critical Materials ETF Company Profile

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.