VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Sees Large Growth in Short Interest

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,588,789 shares, a growth of 84.9% from the May 14th total of 859,424 shares. Based on an average daily volume of 1,030,367 shares, the days-to-cover ratio is currently 1.5 days. Currently, 5.5% of the company’s stock are short sold.

Institutional Trading of VanEck Rare Earth and Strategic Metals ETF

Hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at $25,000. Clearstead Advisors LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at $30,000. Sound Income Strategies LLC increased its position in VanEck Rare Earth and Strategic Metals ETF by 856.8% during the fourth 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. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at $33,000. Finally, Consultiva Wealth Management CORP. purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at $37,000.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

VanEck Rare Earth and Strategic Metals ETF stock opened at $96.78 on Wednesday. The stock has a market cap of $2.80 billion, a PE ratio of 5.66 and a beta of 1.29. VanEck Rare Earth and Strategic Metals ETF has a one year low of $38.35 and a one year high of $111.55. The stock has a fifty day moving average of $98.24 and a 200 day moving average of $89.86.

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.