iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Update

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,530 shares, a drop of 33.5% from the November 30th total of 2,302 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 7,863 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 7,863 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

iShares Transition-Enabling Metals ETF Stock Up 5.0%

Shares of NASDAQ TMET opened at $29.78 on Monday. The firm’s 50 day simple moving average is $28.43 and its 200-day simple moving average is $26.41. iShares Transition-Enabling Metals ETF has a 12 month low of $20.90 and a 12 month high of $31.07.

iShares Transition-Enabling Metals ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a dividend of $4.2023 per share. This represents a dividend yield of 1,592.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Transition-Enabling Metals ETF

A hedge fund recently raised its stake in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP lifted its stake in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,453 shares of the company’s stock after purchasing an additional 3,753 shares during the period. Susquehanna International Group LLP owned about 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

iShares Transition-Enabling Metals ETF Company Profile

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.