VanEck Steel ETF (SLX) Short Interest Ratio & Short Volume

Short interest is the volume of VanEck Steel ETF shares that have been sold short but have not yet been closed out or covered. As of August 15th, investors have sold 14,900 shares of SLX short. Learn More on VanEck Steel ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SLX shares currently have a short interest ratio of 1.0. Learn More on VanEck Steel ETF's short interest ratio.

VanEck Steel ETF saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 14,900 shares, a decline of 30.4% from the previous total of 21,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to VanEck Steel ETF: iShares Copper and Metals Mining ETF (0.49%), Global X Gold Explorers ETF (0.62%), Amplify Lithium & Battery Technology ETF (0.09%), First Trust Indxx Global Natural Resources Income ETF (0.19%), Invesco Dorsey Wright Basic Materials Momentum ETF (0.32%), Direxion Daily Junior Gold Miners Index Bear 2X Shares (9.62%), Invesco MSCI Global Timber ETF (0.04%), Direxion Daily Gold Miners Index Bear 2x Shares (19.69%), MicroSectors Gold Miners -3x Inverse Leveraged ETN (144.00%), ProShares Ultra Materials (0.61%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Lucid Group, Inc. ($8.00 billion), Spotify Technology ($5.48 billion), AppLovin Corporation ($5.11 billion), Reddit Inc. ($5.02 billion), Coinbase Global, Inc. ($3.99 billion), Charter Communications, Inc. ($3.89 billion), Live Nation Entertainment, Inc. ($3.18 billion), Seagate Technology Holdings PLC ($2.59 billion), ResMed Inc. ($2.55 billion), and Rocket Lab Corporation ($2.52 billion). View all of the most shorted stocks.

Short selling SLX is an investing strategy that aims to generate trading profit from VanEck Steel ETF as its price is falling. SLX shares are trading down $1.28 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for VanEck Steel ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of SLX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SLX, twice per month. The most recent reporting period available is August, 15 2025.