iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Down 92.6% in March

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 28,854 shares, a drop of 92.6% from the March 15th total of 391,632 shares. Based on an average daily volume of 11,795 shares, the short-interest ratio is currently 2.4 days. Currently, 3.6% of the shares of the stock are short sold.

iShares Transition-Enabling Metals ETF Stock Up 1.0%

Shares of NASDAQ TMET traded up $0.32 during mid-day trading on Friday, reaching $31.10. The company had a trading volume of 3,341 shares, compared to its average volume of 12,259. iShares Transition-Enabling Metals ETF has a one year low of $22.34 and a one year high of $37.54. The business’s 50-day simple moving average is $30.54 and its 200 day simple moving average is $29.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP raised its holdings in iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.

About iShares Transition-Enabling Metals ETF

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.