Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Short Interest Update

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 43,245 shares, an increase of 510.5% from the July 30th total of 7,084 shares. Based on an average trading volume of 19,475 shares, the short-interest ratio is currently 2.2 days. Approximately 3.0% of the company’s stock are sold short.

Global X Rare Earth & Critical Materials ETF Stock Performance

Shares of NASDAQ EART traded up $0.15 during mid-day trading on Friday, reaching $31.95. The company had a trading volume of 1,126 shares, compared to its average volume of 26,818. Global X Rare Earth & Critical Materials ETF has a twelve month low of $20.44 and a twelve month high of $36.92. The stock’s 50 day moving average is $28.77 and its 200-day moving average is $30.90. The stock has a market capitalization of $45.69 million, a PE ratio of -4,658.11 and a beta of 0.97.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a $0.137 dividend. The ex-dividend date was Monday, June 29th. Global X Rare Earth & Critical Materials ETF’s payout ratio is -2,624.29%.

Institutional Investors Weigh In On Global X Rare Earth & Critical Materials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new stake in shares of Global X Rare Earth & Critical Materials ETF during the 4th quarter valued at about $3,332,000. Cetera Investment Advisers raised its position in Global X Rare Earth & Critical Materials ETF by 867.0% during the fourth quarter. Cetera Investment Advisers now owns 111,329 shares of the company’s stock valued at $3,092,000 after acquiring an additional 99,816 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Global X Rare Earth & Critical Materials ETF by 103.3% during the third quarter. Envestnet Asset Management Inc. now owns 23,715 shares of the company’s stock valued at $575,000 after acquiring an additional 12,052 shares in the last quarter. Jane Street Group LLC raised its position in Global X Rare Earth & Critical Materials ETF by 113.1% during the first quarter. Jane Street Group LLC now owns 22,524 shares of the company’s stock valued at $325,000 after acquiring an additional 11,952 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Global X Rare Earth & Critical Materials ETF in the second quarter valued at approximately $326,000. 5.34% of the stock is owned by hedge funds and other institutional investors.

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.