Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) Short Interest Down 58.8% in August

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 17,816 shares, a drop of 58.8% from the August 15th total of 43,245 shares. Based on an average trading volume of 8,161 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.2% of the shares of the company are sold short.

Global X Rare Earth & Critical Materials ETF Trading Down 0.7%

Shares of NASDAQ:EART traded down $0.20 on Tuesday, reaching $28.66. 6,847 shares of the company’s stock were exchanged, compared to its average volume of 25,951. Global X Rare Earth & Critical Materials ETF has a twelve month low of $21.14 and a twelve month high of $36.92. The company has a fifty day moving average of $29.02 and a 200-day moving average of $30.62. The company has a market capitalization of $57.29 million, a price-to-earnings ratio of -4,178.60 and a beta of 0.99.

Global X Rare Earth & Critical Materials ETF Announces Dividend

The business also recently disclosed a semiannual dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a $0.137 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a yield of 96.0%. Global X Rare Earth & Critical Materials ETF’s payout ratio is currently -2,624.29%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Rare Earth & Critical Materials ETF stock. D.A. Davidson & CO. acquired a new position in shares of Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,480 shares of the company’s stock, valued at approximately $641,000. D.A. Davidson & CO. owned 1.30% of Global X Rare Earth & Critical Materials ETF as of its most recent SEC filing. 5.34% of the stock is currently owned by hedge funds and other institutional investors.

Global X Rare Earth & Critical Materials ETF Company Profile

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.