iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Down 33.5% in December

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,530 shares, a decline of 33.5% from the November 30th total of 2,302 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 7,863 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 7,863 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Transition-Enabling Metals ETF

A hedge fund recently raised its stake in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP raised its stake in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,453 shares of the company’s stock after buying an additional 3,753 shares during the quarter. Susquehanna International Group LLP owned about 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 at the end of the most recent reporting period.

iShares Transition-Enabling Metals ETF Stock Performance

Shares of NASDAQ TMET traded down $1.40 during midday trading on Tuesday, reaching $28.38. 12,109 shares of the company were exchanged, compared to its average volume of 1,554. iShares Transition-Enabling Metals ETF has a 1 year low of $20.90 and a 1 year high of $31.07. The stock has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $26.44.

iShares Transition-Enabling Metals ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $4.2023 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 1,592.0%.

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.