Short Interest in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Grows By 53.8%

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,241,101 shares, an increase of 53.8% from the January 29th total of 806,919 shares. Based on an average daily volume of 1,604,230 shares, the short-interest ratio is presently 0.8 days. Currently, 4.2% of the shares of the stock are sold short. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily volume of 1,604,230 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF

Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the fourth quarter valued at $30,000. Sound Income Strategies LLC lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% during the 4th quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after acquiring an additional 377 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth $33,000. Finally, Consultiva Wealth Management CORP. acquired a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth $37,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

Shares of NYSEARCA REMX opened at $99.86 on Friday. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $32.36 and a 1 year high of $102.40. The stock has a fifty day moving average price of $87.20 and a two-hundred day moving average price of $74.34. The firm has a market cap of $2.94 billion, a P/E ratio of 5.66 and a beta of 1.41.

VanEck Rare Earth and Strategic Metals ETF Company Profile

The VanEck Rare Earth\u002FStrategic Metals ETF (REMX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of global companies that mine, refine, or recycle rare earth and strategic metals. REMX was launched on Oct 27, 2010 and is managed by VanEck.