Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Shares Up 4.5% – Here’s What Happened

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART)’s stock price was up 4.5% during mid-day trading on Tuesday . The stock traded as high as $26.83 and last traded at $26.75. Approximately 7,560 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 29,399 shares. The stock had previously closed at $25.61.

Global X Rare Earth & Critical Materials ETF Price Performance

The company has a market capitalization of $38.35 million, a PE ratio of -3,910.19 and a beta of 0.97. The business’s 50 day simple moving average is $29.99 and its 200 day simple moving average is $31.40.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

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

Institutional Trading of Global X Rare Earth & Critical Materials ETF

A number of hedge funds and other institutional investors have recently modified their holdings of 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. Susquehanna International Group LLP purchased a new stake in Global X Rare Earth & Critical Materials ETF during the third quarter worth about $368,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Global X Rare Earth & Critical Materials ETF during the first quarter worth about $641,000. 5.34% of the stock is owned by institutional investors and hedge funds.

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.