Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Trading 4.5% Higher – Here’s Why

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART)’s stock price was up 4.5% during mid-day trading on Tuesday . The company 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 session volume of 29,399 shares. The stock had previously closed at $25.61.

Global X Rare Earth & Critical Materials ETF Trading Up 4.5%

The stock has a market capitalization of $38.25 million, a PE ratio of -3,899.99 and a beta of 0.97. The firm has a 50-day moving average price of $30.15 and a 200-day moving average price of $31.40.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a $0.137 dividend. The ex-dividend date of this dividend was Monday, June 29th. Global X Rare Earth & Critical Materials ETF’s payout ratio is -2,624.29%.

Institutional Trading of Global X Rare Earth & Critical Materials ETF

A number of large investors have recently added to or reduced their stakes in EART. Royal Bank of Canada bought a new stake in Global X Rare Earth & Critical Materials ETF in the fourth quarter worth about $3,332,000. Cetera Investment Advisers boosted its stake in Global X Rare Earth & Critical Materials ETF by 867.0% in the fourth quarter. Cetera Investment Advisers now owns 111,329 shares of the company’s stock valued at $3,092,000 after acquiring an additional 99,816 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Global X Rare Earth & Critical Materials ETF by 103.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,715 shares of the company’s stock valued at $575,000 after acquiring an additional 12,052 shares during the period. Jane Street Group LLC grew its position in shares of Global X Rare Earth & Critical Materials ETF by 113.1% during the 1st quarter. Jane Street Group LLC now owns 22,524 shares of the company’s stock valued at $325,000 after acquiring an additional 11,952 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Global X Rare Earth & Critical Materials ETF during the 2nd quarter worth approximately $326,000. Hedge funds and other institutional investors own 5.34% of the company’s stock.

About Global X Rare Earth & Critical Materials ETF

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.