Short Interest in iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Decreases By 33.5%

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,530 shares, a drop of 33.5% from the November 30th total of 2,302 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,863 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 7,863 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP increased its holdings in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,453 shares of the company’s stock after acquiring an additional 3,753 shares during the period. Susquehanna International Group LLP owned about 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 at the end of the most recent quarter.

iShares Transition-Enabling Metals ETF Stock Performance

iShares Transition-Enabling Metals ETF stock traded down $0.42 during mid-day trading on Wednesday, hitting $28.89. 594 shares of the company were exchanged, compared to its average volume of 1,548. The business has a fifty day moving average of $28.48 and a 200 day moving average of $26.48. iShares Transition-Enabling Metals ETF has a 1-year low of $20.90 and a 1-year high of $31.07.

iShares Transition-Enabling Metals ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $4.2023 per share. This represents a yield of 1,592.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

iShares Transition-Enabling Metals ETF Company Profile

The iShares Transition-Enabling Metals ETF (TMET) is an exchange-traded fund that is based on the ICE Clean Energy Transition Metals index. The fund tracks an index that measures the performance of a basket of exchange-traded metals futures contracts. The metals selected are those considered essential to clean energy technologies in supporting the transition to a low-carbon economy. TMET was launched on Sep 26, 2023 and is issued by BlackRock.