iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Short Interest Up 25.0% in October

iShares Transition-Enabling Metals ETF (NASDAQ:TMET) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 500 shares, a growth of 25.0% from the September 30th total of 400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 5.0 days.

iShares Transition-Enabling Metals ETF Stock Performance

TMET stock traded up $0.21 during midday trading on Tuesday, hitting $30.16. 120 shares of the company’s stock were exchanged, compared to its average volume of 447. iShares Transition-Enabling Metals ETF has a one year low of $24.01 and a one year high of $31.90. The stock’s fifty day moving average price is $28.92 and its 200-day moving average price is $28.74.

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.