VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Up 46.3% in March

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,439,904 shares, a growth of 46.3% from the February 26th total of 984,144 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,385,625 shares, the days-to-cover ratio is currently 1.0 days.

VanEck Rare Earth and Strategic Metals ETF Stock Up 1.8%

NYSEARCA REMX traded up $1.50 during trading hours on Friday, reaching $86.10. 2,406,096 shares of the company were exchanged, compared to its average volume of 1,605,822. The stock has a market capitalization of $2.53 billion, a P/E ratio of 5.66 and a beta of 1.41. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $32.36 and a 1 year high of $103.68. The business’s 50 day simple moving average is $91.09 and its 200-day simple moving average is $78.62.

Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF

Hedge funds have recently modified their holdings of the stock. Uhlmann Price Securities LLC lifted its position in VanEck Rare Earth and Strategic Metals ETF by 4.0% during the third quarter. Uhlmann Price Securities LLC now owns 5,405 shares of the company’s stock valued at $356,000 after purchasing an additional 208 shares during the last quarter. LexAurum Advisors LLC increased its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 4.8% in the 3rd quarter. LexAurum Advisors LLC now owns 5,247 shares of the company’s stock worth $345,000 after buying an additional 239 shares during the last quarter. AE Wealth Management LLC raised its position in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% during the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock valued at $36,000 after buying an additional 280 shares in the last quarter. Picton Mahoney Asset Management raised its position in shares of VanEck Rare Earth and Strategic Metals ETF by 30.0% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock valued at $86,000 after buying an additional 300 shares in the last quarter. Finally, Moneco Advisors LLC lifted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 1.4% during the 4th quarter. Moneco Advisors LLC now owns 23,325 shares of the company’s stock worth $1,724,000 after acquiring an additional 325 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.