iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Down 85.3% in April
by Teresa Graham · The Cerbat GemiShares Transition-Enabling Metals ETF (NASDAQ:TMET – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,216 shares, a drop of 85.3% from the April 15th total of 15,081 shares. Based on an average trading volume of 3,326 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.
iShares Transition-Enabling Metals ETF Price Performance
Shares of NASDAQ:TMET traded up $0.27 during trading on Wednesday, reaching $34.41. 5,212 shares of the company’s stock traded hands, compared to its average volume of 10,434. iShares Transition-Enabling Metals ETF has a fifty-two week low of $22.69 and a fifty-two week high of $37.54. The company has a 50-day simple moving average of $31.00 and a 200-day simple moving average of $30.26.
Institutional Investors Weigh In On iShares Transition-Enabling Metals ETF
Several institutional investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in iShares Transition-Enabling Metals ETF in the 1st quarter worth about $7,271,000. Jane Street Group LLC acquired a new stake in iShares Transition-Enabling Metals ETF in the 4th quarter worth about $632,000. Susquehanna International Group LLP boosted its holdings in iShares Transition-Enabling Metals ETF by 38.7% in 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. Finally, Ascentis Independent Advisors acquired a new stake in iShares Transition-Enabling Metals ETF in the 1st quarter worth about $305,000.
iShares Transition-Enabling Metals ETF Company Profile
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.