Sprott Energy Transition Materials ETF (NASDAQ:SETM) Sees Significant Increase in Short Interest

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 8,800 shares, an increase of 486.7% from the January 15th total of 1,500 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Sprott Energy Transition Materials ETF

An institutional investor recently bought a new position in Sprott Energy Transition Materials ETF stock. Paul R. Ried Financial Group LLC bought a new stake in Sprott Energy Transition Materials ETF (NASDAQ:SETM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,032,100 shares of the company’s stock, valued at approximately $15,554,000. Sprott Energy Transition Materials ETF accounts for 10.9% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 2nd biggest position. Paul R. Ried Financial Group LLC owned 50.59% of Sprott Energy Transition Materials ETF as of its most recent SEC filing.

Sprott Energy Transition Materials ETF Stock Performance

Shares of SETM stock traded up $0.16 on Wednesday, hitting $15.70. 4,367 shares of the stock traded hands, compared to its average volume of 14,074. Sprott Energy Transition Materials ETF has a twelve month low of $14.30 and a twelve month high of $20.95. The firm’s 50-day moving average price is $15.92 and its two-hundred day moving average price is $16.62. The stock has a market capitalization of $32.03 million, a PE ratio of 13.38 and a beta of 1.81.

Sprott Energy Transition Materials ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th were paid a $0.3116 dividend. The ex-dividend date of this dividend was Thursday, December 12th.

Sprott Energy Transition 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.