Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Short Interest Up 114.7% in June

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 59,609 shares, a growth of 114.7% from the May 31st total of 27,763 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average trading volume of 16,360 shares, the short-interest ratio is currently 3.6 days.

Global X Rare Earth & Critical Materials ETF Stock Down 1.1%

EART opened at $28.61 on Tuesday. The firm’s fifty day simple moving average is $31.95 and its two-hundred day simple moving average is $31.36. Global X Rare Earth & Critical Materials ETF has a 52-week low of $16.45 and a 52-week high of $36.92. The company has a market cap of $38.62 million, a price-to-earnings ratio of -4,171.16 and a beta of 0.95.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

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

Institutional Investors Weigh In On Global X Rare Earth & Critical Materials ETF

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada acquired a new stake in Global X Rare Earth & Critical Materials ETF in the 4th quarter worth about $3,332,000. Cetera Investment Advisers raised its holdings in shares of Global X Rare Earth & Critical Materials ETF by 867.0% during 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. Flow Traders U.S. LLC acquired a new position in shares of Global X Rare Earth & Critical Materials ETF during the second quarter valued at approximately $326,000. D.A. Davidson & CO. purchased a new position in shares of Global X Rare Earth & Critical Materials ETF in the first quarter valued at approximately $641,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Global X Rare Earth & Critical Materials ETF in the third quarter valued at approximately $368,000. 5.34% of the stock is currently owned by institutional investors and hedge funds.

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.