iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Down 85.3% in April

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,216 shares, a decrease of 85.3% from the April 15th total of 15,081 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,326 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On iShares Transition-Enabling Metals ETF

A number of institutional investors have recently made changes to their positions in TMET. Ascentis Independent Advisors purchased a new stake in shares of iShares Transition-Enabling Metals ETF in the 1st quarter valued at $305,000. Susquehanna International Group LLP boosted its stake in shares of iShares Transition-Enabling Metals ETF by 38.7% in the 3rd quarter. Susquehanna International Group LLP now owns 13,453 shares of the company’s stock valued at $359,000 after purchasing an additional 3,753 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares Transition-Enabling Metals ETF in the 4th quarter valued at $632,000. Finally, Assetmark Inc. purchased a new stake in shares of iShares Transition-Enabling Metals ETF in the 1st quarter valued at $7,271,000.

iShares Transition-Enabling Metals ETF Price Performance

Shares of NASDAQ:TMET traded down $0.47 during trading on Thursday, reaching $33.90. The company had a trading volume of 3,770 shares, compared to its average volume of 10,361. The company has a fifty day moving average of $31.05 and a two-hundred day moving average of $30.30. iShares Transition-Enabling Metals ETF has a 12 month low of $22.69 and a 12 month high of $37.54.

About iShares Transition-Enabling Metals ETF

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.