Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Update

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 11,250 shares, a decline of 81.4% from the May 31st total of 60,621 shares. Based on an average daily volume of 234,923 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Sprott Critical Materials ETF Stock Down 1.0%

NASDAQ SETM traded down $0.31 during trading hours on Friday, hitting $30.99. The company had a trading volume of 187,833 shares, compared to its average volume of 367,759. Sprott Critical Materials ETF has a fifty-two week low of $17.04 and a fifty-two week high of $40.55. The business has a fifty day simple moving average of $35.56 and a 200-day simple moving average of $34.29. The firm has a market cap of $518.77 million, a P/E ratio of 29.93 and a beta of 0.95.

Institutional Trading of Sprott Critical Materials ETF

A number of large investors have recently modified their holdings of SETM. Evolution Wealth Management Inc. bought a new stake in Sprott Critical Materials ETF in the 1st quarter valued at about $26,000. NFSG Corp grew its position in Sprott Critical Materials ETF by 704.5% in the 1st quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 775 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at approximately $34,000. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at approximately $38,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Sprott Critical Materials ETF during the fourth quarter valued at approximately $40,000.

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.