Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Stock Short Interest Jumps 153.1%

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 45,091 shares, a growth of 153.1% from the August 31st total of 17,816 shares. Based on an average daily trading volume, of 12,509 shares, the short-interest ratio is presently 3.6 days. Approximately 3.1% of the company’s stock are short sold.

Institutional Trading of Global X Rare Earth & Critical Materials ETF

A hedge fund recently bought a new stake in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. bought a new position in shares of Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,480 shares of the company’s stock, valued at approximately $641,000. D.A. Davidson & CO. owned approximately 1.30% of Global X Rare Earth & Critical Materials ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 5.34% of the company’s stock.

Global X Rare Earth & Critical Materials ETF Stock Performance

Shares of EART stock traded down $0.06 during trading hours on Friday, reaching $28.26. The company had a trading volume of 10,871 shares, compared to its average volume of 25,412. The company has a market capitalization of $41.54 million, a P/E ratio of -4,120.28 and a beta of 0.99. Global X Rare Earth & Critical Materials ETF has a twelve month low of $22.63 and a twelve month high of $36.92. The stock’s fifty day simple moving average is $29.34 and its 200 day simple moving average is $30.30.

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.