iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Update

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 6,460 shares, a growth of 191.5% from the April 30th total of 2,216 shares. Based on an average trading volume of 4,674 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the shares of the company are short sold.

iShares Transition-Enabling Metals ETF Stock Performance

Shares of TMET stock remained flat at $32.43 during trading hours on Friday. The stock had a trading volume of 1,668 shares, compared to its average volume of 9,928. iShares Transition-Enabling Metals ETF has a fifty-two week low of $22.91 and a fifty-two week high of $37.54. The business’s 50-day simple moving average is $31.30 and its 200 day simple moving average is $30.67.

Institutional Investors Weigh In On iShares Transition-Enabling Metals ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TMET. Susquehanna International Group LLP grew its position in shares of iShares Transition-Enabling Metals ETF by 38.7% in the third quarter. Susquehanna International Group LLP now owns 13,453 shares of the company’s stock valued at $359,000 after purchasing an additional 3,753 shares during the period. Jane Street Group LLC purchased a new stake in iShares Transition-Enabling Metals ETF during the fourth quarter valued at about $632,000. Ascentis Independent Advisors purchased a new stake in iShares Transition-Enabling Metals ETF during the first quarter valued at about $305,000. Finally, Assetmark Inc. purchased a new stake in iShares Transition-Enabling Metals ETF during the first quarter valued at about $7,271,000.

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.