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

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 200 shares, a growth of 100.0% from the September 15th total of 100 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 0.2 days.

iShares Transition-Enabling Metals ETF Stock Performance

TMET stock opened at $27.31 on Wednesday. iShares Transition-Enabling Metals ETF has a 1-year low of $20.90 and a 1-year high of $30.28. The business has a 50 day simple moving average of $25.74 and a two-hundred day simple moving average of $24.48.

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.