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

Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) saw a large increase in short interest during 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 stock are sold short. Based on an average trading volume of 16,360 shares, the short-interest ratio is presently 3.6 days.

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

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada purchased a new position in Global X Rare Earth & Critical Materials ETF during the 4th quarter worth $3,332,000. Cetera Investment Advisers boosted its stake in shares of Global X Rare Earth & Critical Materials ETF by 867.0% during the fourth quarter. Cetera Investment Advisers now owns 111,329 shares of the company’s stock valued at $3,092,000 after purchasing an additional 99,816 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Global X Rare Earth & Critical Materials ETF during the second quarter valued at approximately $326,000. D.A. Davidson & CO. purchased a new position in Global X Rare Earth & Critical Materials ETF during the first quarter valued at approximately $641,000. Finally, Susquehanna International Group LLP purchased a new position in Global X Rare Earth & Critical Materials ETF during the third quarter valued at approximately $368,000. Hedge funds and other institutional investors own 5.34% of the company’s stock.

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

Global X Rare Earth & Critical Materials ETF stock traded down $0.19 during mid-day trading on Wednesday, reaching $28.83. 3,380 shares of the company’s stock traded hands, compared to its average volume of 29,918. The company has a market cap of $38.92 million, a price-to-earnings ratio of -4,203.24 and a beta of 0.95. The stock has a 50 day moving average of $31.88 and a two-hundred day moving average of $31.38. Global X Rare Earth & Critical Materials ETF has a 12-month low of $16.58 and a 12-month high of $36.92.

Global X Rare Earth & Critical Materials ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 29th will be paid a dividend of $0.137 per share. The ex-dividend date of this dividend is Monday, June 29th. Global X Rare Earth & Critical Materials ETF’s payout ratio is currently -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.