Sprott Critical Materials ETF (NASDAQ:SETM) Stock Short Interest Report for September

Sprott Critical Materials ETF (NASDAQ:SETM) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 26,061 shares, a decrease of 78.9% from the September 15th total of 123,591 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 201,734 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Sprott Critical Materials ETF by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 45,514 shares of the company’s stock valued at $1,418,000 after purchasing an additional 6,910 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Sprott Critical Materials ETF during the second quarter valued at $84,000. Baird Financial Group Inc. purchased a new position in shares of Sprott Critical Materials ETF during the second quarter valued at $3,516,000. Allworth Financial LP raised its position in Sprott Critical Materials ETF by 675.0% during the second quarter. Allworth Financial LP now owns 1,581 shares of the company’s stock valued at $49,000 after buying an additional 1,377 shares during the period. Finally, Waverly Advisors LLC raised its position in Sprott Critical Materials ETF by 13.6% during the second quarter. Waverly Advisors LLC now owns 5,629 shares of the company’s stock valued at $175,000 after buying an additional 672 shares during the period.

Sprott Critical Materials ETF Price Performance

Shares of SETM traded down $0.56 during trading hours on Monday, hitting $28.16. 93,196 shares of the company were exchanged, compared to its average volume of 287,451. The company has a market capitalization of $489.90 million, a PE ratio of 29.93 and a beta of 1.15. The firm has a fifty day simple moving average of $32.10 and a 200-day simple moving average of $33.11. Sprott Critical Materials ETF has a one year low of $23.71 and a one year high of $40.55.

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.