Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Up 117.1% in June

Sprott Critical Materials ETF (NASDAQ:SETM) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 24,424 shares, an increase of 117.1% from the June 15th total of 11,250 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 212,447 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Sprott Critical Materials ETF

A number of institutional investors have recently modified their holdings of SETM. G&S Capital LLC grew its position in shares of Sprott Critical Materials ETF by 1.1% in the 2nd quarter. G&S Capital LLC now owns 72,108 shares of the company’s stock worth $2,247,000 after buying an additional 808 shares during the last quarter. BFI Infinity Ltd. lifted its position in Sprott Critical Materials ETF by 2.9% during the second quarter. BFI Infinity Ltd. now owns 404,253 shares of the company’s stock valued at $12,597,000 after acquiring an additional 11,334 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in Sprott Critical Materials ETF in the second quarter valued at approximately $844,000. Royal Bank of Canada boosted its stake in Sprott Critical Materials ETF by 807.9% in the first quarter. Royal Bank of Canada now owns 78,684 shares of the company’s stock valued at $2,603,000 after acquiring an additional 70,017 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new position in Sprott Critical Materials ETF in the first quarter worth $164,000.

Sprott Critical Materials ETF Stock Performance

SETM stock traded down $1.34 during trading on Thursday, reaching $28.60. 216,984 shares of the company traded hands, compared to its average volume of 349,005. Sprott Critical Materials ETF has a 12 month low of $18.21 and a 12 month high of $40.55. The business has a 50 day simple moving average of $33.82 and a 200 day simple moving average of $34.50. The company has a market capitalization of $528.53 million, a price-to-earnings ratio of 29.93 and a beta of 1.03.

Sprott Critical Materials ETF Company Profile

The Sprott Energy Transition Materials ETF (SETM) is an exchange-traded fund that mostly invests in materials equity. The fund supports the global move to cleaner energy by tracking an index of US and foreign companies related to energy transition materials. Securities are selected based on revenue and weighted by market-cap. SETM was launched on Feb 1, 2023 and is managed by Sprott.