VanEck Green Metals ETF (NYSEARCA:GMET) Short Interest Update

VanEck Green Metals ETF (NYSEARCA:GMET) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 51,705 shares, a decrease of 44.1% from the January 15th total of 92,480 shares. Based on an average daily volume of 44,833 shares, the days-to-cover ratio is currently 1.2 days. Currently, 6.5% of the shares of the stock are sold short. Currently, 6.5% of the shares of the stock are sold short. Based on an average daily volume of 44,833 shares, the days-to-cover ratio is currently 1.2 days.

VanEck Green Metals ETF Stock Down 4.0%

Shares of GMET traded down $1.84 on Friday, reaching $44.17. The stock had a trading volume of 8,805 shares, compared to its average volume of 25,983. VanEck Green Metals ETF has a twelve month low of $16.78 and a twelve month high of $49.32. The firm has a market capitalization of $35.33 million, a PE ratio of 21.18 and a beta of 0.90. The firm has a 50-day moving average of $40.50 and a 200 day moving average of $33.69.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its position in shares of VanEck Green Metals ETF by 744.2% in the fourth quarter. Jane Street Group LLC now owns 109,760 shares of the company’s stock valued at $4,066,000 after buying an additional 96,758 shares during the last quarter. LPL Financial LLC purchased a new stake in VanEck Green Metals ETF in the 4th quarter worth approximately $1,049,000. Flagship Harbor Advisors LLC acquired a new position in VanEck Green Metals ETF in the 4th quarter valued at $96,000. Flow Traders U.S. LLC raised its holdings in VanEck Green Metals ETF by 53.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 41,340 shares of the company’s stock valued at $1,311,000 after acquiring an additional 14,338 shares during the last quarter. Finally, Smart Portfolios LLC purchased a new position in shares of VanEck Green Metals ETF during the 3rd quarter worth $239,000.

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.