iShares Transition-Enabling Metals ETF (NASDAQ:TMET – Get Free Report) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,216 shares, a decline of 85.3% from the April 15th total of 15,081 shares. Based on an average daily volume of 3,326 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.
iShares Transition-Enabling Metals ETF Price Performance
TMET traded down $0.10 on Tuesday, hitting $33.64. The company had a trading volume of 1,302 shares, compared to its average volume of 10,440. The stock has a fifty day moving average price of $30.97 and a 200-day moving average price of $30.21. iShares Transition-Enabling Metals ETF has a 12-month low of $22.69 and a 12-month high of $37.54.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP grew its stake in iShares Transition-Enabling Metals ETF by 38.7% during the 3rd quarter. Susquehanna International Group LLP now owns 13,453 shares of the company’s stock worth $359,000 after buying an additional 3,753 shares during the last quarter. Ascentis Independent Advisors purchased a new position in iShares Transition-Enabling Metals ETF during the 1st quarter worth $305,000. Jane Street Group LLC purchased a new position in iShares Transition-Enabling Metals ETF during the 4th quarter worth $632,000. Finally, Assetmark Inc. purchased a new position in iShares Transition-Enabling Metals ETF during the 1st quarter worth $7,271,000.
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. TMET was launched on Sep 26, 2023 and is issued by BlackRock.
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