VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) Short Interest Update

VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,212,508 shares, a growth of 74.1% from the April 15th total of 696,340 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average trading volume of 1,059,694 shares, the days-to-cover ratio is presently 1.1 days.

VanEck Rare Earth and Strategic Metals ETF Stock Performance

REMX traded down $2.32 during mid-day trading on Monday, reaching $94.25. 1,088,611 shares of the stock were exchanged, compared to its average volume of 1,431,670. The stock has a market capitalization of $2.73 billion, a PE ratio of 5.66 and a beta of 1.33. The company has a 50 day moving average price of $95.37 and a two-hundred day moving average price of $85.78. VanEck Rare Earth and Strategic Metals ETF has a 1 year low of $35.72 and a 1 year high of $111.55.

Hedge Funds Weigh In On VanEck Rare Earth and Strategic Metals ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,739 shares of the company’s stock worth $681,000 after buying an additional 132 shares during the last quarter. Money Concepts Capital Corp boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 2.5% in the 1st quarter. Money Concepts Capital Corp now owns 7,608 shares of the company’s stock worth $670,000 after buying an additional 188 shares during the last quarter. Uhlmann Price Securities LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 4.0% in the 3rd quarter. Uhlmann Price Securities LLC now owns 5,405 shares of the company’s stock worth $356,000 after buying an additional 208 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 49.6% in the 1st quarter. Sound Income Strategies LLC now owns 630 shares of the company’s stock worth $56,000 after buying an additional 209 shares during the last quarter. Finally, LexAurum Advisors LLC boosted its holdings in shares of VanEck Rare Earth and Strategic Metals ETF by 4.8% in the 3rd quarter. LexAurum Advisors LLC now owns 5,247 shares of the company’s stock worth $345,000 after buying an additional 239 shares during the last quarter.

About VanEck Rare Earth and Strategic Metals ETF

The VanEck Rare Earth\u002FStrategic Metals ETF (REMX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of global companies that mine, refine, or recycle rare earth and strategic metals. REMX was launched on Oct 27, 2010 and is managed by VanEck.