Short Interest in iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Expands By 1,277.6%

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 21,078 shares, a growth of 1,277.6% from the December 15th total of 1,530 shares. Approximately 5.3% of the company’s shares are sold short. Based on an average daily trading volume, of 14,428 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 14,428 shares, the days-to-cover ratio is presently 1.5 days. Approximately 5.3% of the company’s shares are sold short.

iShares Transition-Enabling Metals ETF Stock Performance

Shares of iShares Transition-Enabling Metals ETF stock opened at $31.65 on Tuesday. The business has a 50-day moving average of $28.86 and a 200 day moving average of $26.84. iShares Transition-Enabling Metals ETF has a 12 month low of $20.90 and a 12 month high of $31.77.

iShares Transition-Enabling Metals ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares Transition-Enabling Metals ETF

An institutional investor recently raised its position in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP raised its holdings in iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,453 shares of the company’s stock after buying an additional 3,753 shares during the period. Susquehanna International Group LLP owned approximately 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 as of its most recent SEC filing.

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.