Short Interest in Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Rises By 114.7%

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 59,609 shares, an increase of 114.7% from the May 31st total of 27,763 shares. Approximately 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 16,360 shares, the days-to-cover ratio is currently 3.6 days.

Hedge Funds Weigh In On Global X Rare Earth & Critical Materials ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada acquired a new stake in Global X Rare Earth & Critical Materials ETF in the fourth quarter valued at approximately $3,332,000. Cetera Investment Advisers raised its stake in shares of Global X Rare Earth & Critical Materials ETF by 867.0% during the 4th quarter. Cetera Investment Advisers now owns 111,329 shares of the company’s stock worth $3,092,000 after buying an additional 99,816 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Global X Rare Earth & Critical Materials ETF by 103.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,715 shares of the company’s stock worth $575,000 after buying an additional 12,052 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Global X Rare Earth & Critical Materials ETF during the 3rd quarter worth approximately $368,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Global X Rare Earth & Critical Materials ETF during the 2nd quarter valued at approximately $326,000. Hedge funds and other institutional investors own 5.34% of the company’s stock.

Global X Rare Earth & Critical Materials ETF Stock Performance

EART opened at $28.61 on Tuesday. The company has a fifty day moving average of $31.95 and a two-hundred day moving average of $31.36. The stock has a market capitalization of $38.62 million, a price-to-earnings ratio of -4,171.16 and a beta of 0.95. Global X Rare Earth & Critical Materials ETF has a fifty-two week low of $16.45 and a fifty-two week high of $36.92.

Global X Rare Earth & Critical Materials ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th will be given a dividend of $0.137 per share. The ex-dividend date is Monday, June 29th. Global X Rare Earth & Critical Materials ETF’s dividend payout ratio (DPR) is -2,624.29%.

About Global X Rare Earth & Critical Materials ETF

The Global X Rare Earth & Critical Materials ETF seeks to invest in companies that produce rare earth components, metals, and other raw or composite materials essential to the expansion of critical technologies—such as electric vehicles, energy storage, robotics, and radar systems. Targeted companies include those involved in the exploration, mining, production, and/or enhancement of materials like rare earth elements, lithium, copper, cobalt, nickel, manganese, graphite, zinc, platinum, palladium, and carbon fiber.