VanEck Data Center Supply Chain ETF (BATS:RACK) Sees Significant Increase in Short Interest

VanEck Data Center Supply Chain ETF (BATS:RACK) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 86,633 shares, an increase of 2,170.9% from the July 30th total of 3,815 shares. Based on an average daily volume of 40,116 shares, the short-interest ratio is currently 2.2 days.

VanEck Data Center Supply Chain ETF Trading Up 1.8%

RACK stock traded up $0.86 during midday trading on Tuesday, hitting $47.85. 29,236 shares of the company traded hands, compared to its average volume of 52,120. VanEck Data Center Supply Chain ETF has a twelve month low of $42.50 and a twelve month high of $54.75.

VanEck Data Center Supply Chain ETF (BATS: RACK) is an exchange-traded fund designed to provide investors with exposure to companies involved in the data center supply chain. Rather than operating a single business, the fund seeks to track the performance of a portfolio of companies that support the infrastructure, equipment, and services needed to build and operate data centers.

The ETF focuses on businesses across areas such as data center construction, power and cooling systems, networking equipment, semiconductors, cloud infrastructure, and related technology hardware and services.