VanEck Green Metals ETF (NYSEARCA:GMET) Short Interest Update

VanEck Green Metals ETF (NYSEARCA:GMET) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 51,705 shares, a decline of 44.1% from the January 15th total of 92,480 shares. Currently, 6.5% of the shares of the company are short sold. Based on an average daily volume of 44,833 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 44,833 shares, the short-interest ratio is presently 1.2 days. Currently, 6.5% of the shares of the company are short sold.

Institutional Investors Weigh In On VanEck Green Metals ETF

Several hedge funds have recently modified their holdings of GMET. Jane Street Group LLC increased its holdings in VanEck Green Metals ETF by 744.2% in the 4th quarter. Jane Street Group LLC now owns 109,760 shares of the company’s stock worth $4,066,000 after purchasing an additional 96,758 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of VanEck Green Metals ETF by 53.1% during the third quarter. Flow Traders U.S. LLC now owns 41,340 shares of the company’s stock valued at $1,311,000 after purchasing an additional 14,338 shares in the last quarter. LPL Financial LLC bought a new stake in shares of VanEck Green Metals ETF during the fourth quarter worth about $1,049,000. Smart Portfolios LLC bought a new position in shares of VanEck Green Metals ETF during the third quarter valued at $239,000. Finally, Flagship Harbor Advisors LLC acquired a new position in VanEck Green Metals ETF during the 4th quarter worth about $96,000.

VanEck Green Metals ETF Stock Performance

Shares of NYSEARCA GMET traded down $1.84 during mid-day trading on Friday, reaching $44.17. The company had a trading volume of 8,805 shares, compared to its average volume of 25,983. VanEck Green Metals ETF has a one year low of $16.78 and a one year high of $49.32. The business’s 50-day simple moving average is $40.50 and its 200 day simple moving average is $33.56. The firm has a market cap of $35.33 million, a price-to-earnings ratio of 21.18 and a beta of 0.90.

About VanEck Green Metals ETF

The VanEck Green Metals ETF (GMET) is an exchange-traded fund that is based on the MVIS Global Clean-Tech Metals index, a market-cap-weighted index of global companies involved in mining, refining, and recycling of metals and rare earth elements that are used in technologies contributing to clean energy transition. GMET was launched on Nov 9, 2021 and is managed by VanEck.