iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Sees Significant Drop in Short Interest

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 100 shares, a decrease of 50.0% from the July 15th total of 200 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.1 days.

iShares Transition-Enabling Metals ETF Stock Performance

Shares of TMET stock traded down $0.02 during trading on Tuesday, reaching $26.78. iShares Transition-Enabling Metals ETF has a 12 month low of $24.01 and a 12 month high of $31.90. The company has a fifty day simple moving average of $28.07 and a two-hundred day simple moving average of $27.46.

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.