iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Sees Large Decline in Short Interest

iShares Transition-Enabling Metals ETF (NASDAQ:TMETGet Free Report) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 21,307 shares, a drop of 16.1% from the January 29th total of 25,407 shares. Based on an average trading volume of 3,685 shares, the short-interest ratio is currently 5.8 days. Approximately 5.3% of the company’s stock are sold short. Approximately 5.3% of the company’s stock are sold short. Based on an average trading volume of 3,685 shares, the short-interest ratio is currently 5.8 days.

iShares Transition-Enabling Metals ETF Stock Down 0.0%

NASDAQ:TMET opened at $31.01 on Wednesday. iShares Transition-Enabling Metals ETF has a twelve month low of $20.90 and a twelve month high of $37.54. The stock’s 50 day moving average price is $31.14 and its two-hundred day moving average price is $28.53.

iShares Transition-Enabling Metals ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $4.2023 dividend. The ex-dividend date was Tuesday, December 16th. This represents a yield of 1,592.0%.

Institutional Investors Weigh In On iShares Transition-Enabling Metals ETF

An institutional investor recently bought a new position in iShares Transition-Enabling Metals ETF stock. Jane Street Group LLC bought a new position in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMETFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,232 shares of the company’s stock, valued at approximately $632,000. Jane Street Group LLC owned approximately 5.56% of iShares Transition-Enabling Metals ETF as of its most recent filing with the Securities & Exchange Commission.

iShares Transition-Enabling Metals ETF Company Profile

(Get Free Report)

The iShares Transition-Enabling Metals ETF (TMET) is an exchange-traded fund that is based on the ICE Clean Energy Transition Metals index. The fund tracks an index that measures the performance of a basket of exchange-traded metals futures contracts. The metals selected are those considered essential to clean energy technologies in supporting the transition to a low-carbon economy. TMET was launched on Sep 26, 2023 and is issued by BlackRock.

Further Reading

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