Short Interest in Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Decreases By 34.1%

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 51,211 shares, a decrease of 34.1% from the June 30th total of 77,735 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 17,517 shares, the short-interest ratio is currently 2.9 days.

Global X Rare Earth & Critical Materials ETF Price Performance

Shares of Global X Rare Earth & Critical Materials ETF stock opened at $27.19 on Friday. The stock’s 50 day simple moving average is $29.24 and its 200-day simple moving average is $31.24. The stock has a market cap of $38.88 million, a P/E ratio of -3,964.13 and a beta of 0.97. Global X Rare Earth & Critical Materials ETF has a 1-year low of $17.57 and a 1-year high of $36.92.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

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

Institutional Trading of Global X Rare Earth & Critical Materials ETF

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Global X Rare Earth & Critical Materials ETF in the 4th quarter worth $295,000. Envestnet Asset Management Inc. grew its holdings in shares of Global X Rare Earth & Critical Materials ETF by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock valued at $192,000 after purchasing an additional 957 shares during the period. Cetera Investment Advisers increased its position in Global X Rare Earth & Critical Materials ETF by 11.1% during the second quarter. Cetera Investment Advisers now owns 12,005 shares of the company’s stock worth $198,000 after purchasing an additional 1,199 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Global X Rare Earth & Critical Materials ETF during the third quarter worth about $368,000. Finally, D.A. Davidson & CO. purchased a new position in Global X Rare Earth & Critical Materials ETF during the first quarter worth about $641,000. 5.34% of the stock is currently owned by hedge funds and other institutional investors.

Global X Rare Earth & Critical Materials ETF Company Profile

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.