VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Update

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 1,212,508 shares, a growth of 74.1% from the April 15th total of 696,340 shares. Based on an average daily volume of 1,059,694 shares, the days-to-cover ratio is currently 1.1 days. Currently, 4.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC purchased a new position in VanEck Rare Earth and Strategic Metals ETF in the fourth quarter worth about $30,000. Comerica Bank bought a new position in shares of VanEck Rare Earth and Strategic Metals ETF in the first quarter worth approximately $30,000. Sound Income Strategies LLC increased its position in shares of VanEck Rare Earth and Strategic Metals ETF by 856.8% during the fourth quarter. Sound Income Strategies LLC now owns 421 shares of the company’s stock valued at $31,000 after acquiring an additional 377 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new position in VanEck Rare Earth and Strategic Metals ETF in the 4th quarter valued at approximately $33,000.

VanEck Rare Earth and Strategic Metals ETF Price Performance

REMX stock traded down $2.42 during midday trading on Tuesday, hitting $92.27. The stock had a trading volume of 619,178 shares, compared to its average volume of 1,425,888. The business has a 50-day moving average of $95.40 and a two-hundred day moving average of $85.97. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 5.66 and a beta of 1.33. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $35.72 and a 52-week high of $111.55.

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.