Short Interest in VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Grows By 141.6%

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 805,905 shares, a growth of 141.6% from the December 31st total of 333,627 shares. Based on an average daily trading volume, of 1,715,113 shares, the short-interest ratio is presently 0.5 days. Currently, 3.1% of the shares of the company are sold short. Currently, 3.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,715,113 shares, the short-interest ratio is presently 0.5 days.

VanEck Rare Earth and Strategic Metals ETF Stock Down 8.4%

Shares of NYSEARCA:REMX traded down $7.90 during trading on Friday, hitting $85.63. The stock had a trading volume of 3,081,029 shares, compared to its average volume of 2,143,769. VanEck Rare Earth and Strategic Metals ETF has a 12-month low of $32.36 and a 12-month high of $102.40. The stock has a 50-day simple moving average of $80.08 and a two-hundred day simple moving average of $68.85. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41.

Institutional Trading of VanEck Rare Earth and Strategic Metals ETF

Several institutional investors have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at about $227,000. Exencial Wealth Advisors LLC purchased a new stake in VanEck Rare Earth and Strategic Metals ETF during the 4th quarter worth approximately $224,000. Comerica Bank raised its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 138.7% during the fourth quarter. Comerica Bank now owns 2,229 shares of the company’s stock valued at $165,000 after acquiring an additional 1,295 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of VanEck Rare Earth and Strategic Metals ETF by 252.8% in the fourth quarter. D.A. Davidson & CO. now owns 28,144 shares of the company’s stock valued at $2,080,000 after acquiring an additional 20,166 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 191.1% in the fourth quarter. UBS Group AG now owns 213,309 shares of the company’s stock worth $15,768,000 after acquiring an additional 140,044 shares during the last quarter.

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.