Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Sees Large Increase in Short Interest

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

Global X Rare Earth & Critical Materials ETF Stock Up 0.5%

NASDAQ:EART traded up $0.16 on Thursday, reaching $31.68. The company’s stock had a trading volume of 5,138 shares, compared to its average volume of 26,961. Global X Rare Earth & Critical Materials ETF has a 12-month low of $20.35 and a 12-month high of $36.92. The stock has a 50 day moving average price of $28.77 and a 200 day moving average price of $30.90. The firm has a market cap of $45.30 million, a price-to-earnings ratio of -4,618.75 and a beta of 0.97.

Global X Rare Earth & Critical Materials ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued 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 Trading of Global X Rare Earth & Critical Materials ETF

Several institutional investors have recently added to or reduced their stakes in EART. Envestnet Asset Management Inc. lifted its stake in Global X Rare Earth & Critical Materials ETF by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock worth $192,000 after purchasing an additional 957 shares in the last quarter. Cetera Investment Advisers lifted its stake in Global X Rare Earth & Critical Materials ETF by 11.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,005 shares of the company’s stock worth $198,000 after acquiring an additional 1,199 shares in the last quarter. Jane Street Group LLC purchased a new position in Global X Rare Earth & Critical Materials ETF during the 4th quarter valued at about $295,000. Flow Traders U.S. LLC purchased a new position in Global X Rare Earth & Critical Materials ETF during the 2nd quarter valued at about $326,000. Finally, Susquehanna International Group LLP acquired a new position in Global X Rare Earth & Critical Materials ETF in the 3rd quarter valued at about $368,000. Institutional investors and hedge funds own 5.34% of the company’s stock.

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.