Short Interest in Sprott Critical Materials ETF (NASDAQ:SETM) Increases By 390.4%

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totaling 55,900 shares, agrowthof390.4% from the July 31st total of 11,400 shares. Based on an average daily volume of 44,700 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 44,700 shares, the short-interest ratio is presently 1.3 days.

Sprott Critical Materials ETF Price Performance

NASDAQ SETM traded up $0.19 on Wednesday, hitting $21.93. 12,289 shares of the company’s stock were exchanged, compared to its average volume of 30,884. The firm’s 50-day moving average price is $19.71 and its two-hundred day moving average price is $16.52. Sprott Critical Materials ETF has a fifty-two week low of $11.48 and a fifty-two week high of $22.12. The firm has a market cap of $69.08 million, a price-to-earnings ratio of 29.93 and a beta of 1.81.

Institutional Investors Weigh In On Sprott Critical Materials ETF

Hedge funds have recently made changes to their positions in the business. Scotia Capital Inc. acquired a new stake in shares of Sprott Critical Materials ETF during the second quarter worth $351,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of Sprott Critical Materials ETF in the 2nd quarter worth $443,000. Paul R. Ried Financial Group LLC raised its position in shares of Sprott Critical Materials ETF by 8.8% in the 2nd quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock worth $22,419,000 after buying an additional 105,155 shares during the period. Financial Security Advisor Inc. purchased a new position in shares of Sprott Critical Materials ETF in the 2nd quarter worth $192,000. Finally, Royal Bank of Canada raised its position in shares of Sprott Critical Materials ETF by 3.7% in the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock worth $437,000 after buying an additional 1,116 shares during the period.

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.