VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Up 141.6% in January

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 805,905 shares, a growth of 141.6% from the December 31st total of 333,627 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily volume of 1,715,113 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 1,715,113 shares, the short-interest ratio is currently 0.5 days. Approximately 3.1% of the company’s shares are sold short.

Institutional Investors Weigh In On VanEck Rare Earth and Strategic Metals ETF

A number of large investors have recently modified their holdings of REMX. Sound Income Strategies LLC increased its stake 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 purchasing an additional 377 shares in the last quarter. Spire Wealth Management bought a new stake in shares of VanEck Rare Earth and Strategic Metals ETF in the 4th quarter worth approximately $40,000. AE Wealth Management LLC grew its stake in shares of VanEck Rare Earth and Strategic Metals ETF by 106.9% in the 3rd quarter. AE Wealth Management LLC now owns 542 shares of the company’s stock worth $36,000 after buying an additional 280 shares during the last quarter. MAI Capital Management bought a new position in VanEck Rare Earth and Strategic Metals ETF during the 2nd quarter valued at approximately $30,000. Finally, Comerica Bank purchased a new position in VanEck Rare Earth and Strategic Metals ETF during the first quarter valued at $30,000.

VanEck Rare Earth and Strategic Metals ETF Trading Down 8.4%

Shares of NYSEARCA:REMX traded down $7.90 during trading on Friday, reaching $85.63. 3,081,029 shares of the company traded hands, compared to its average volume of 2,143,769. VanEck Rare Earth and Strategic Metals ETF has a 52-week low of $32.36 and a 52-week high of $102.40. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 5.66 and a beta of 1.41. The business’s fifty day moving average is $80.08 and its 200-day moving average is $69.00.

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.