Short Interest in Sprott Critical Materials ETF (NASDAQ:SETM) Grows By 616.3%

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 330,200 shares, an increase of 616.3% from the September 15th total of 46,100 shares. Based on an average trading volume of 80,600 shares, the days-to-cover ratio is currently 4.1 days. Based on an average trading volume of 80,600 shares, the days-to-cover ratio is currently 4.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Security Advisor Inc. acquired a new position in Sprott Critical Materials ETF during the 2nd quarter valued at approximately $192,000. Paul R. Ried Financial Group LLC boosted its position in Sprott Critical Materials ETF by 15.2% during the 1st quarter. Paul R. Ried Financial Group LLC now owns 1,189,220 shares of the company’s stock valued at $16,804,000 after purchasing an additional 157,120 shares during the period. Lane Generational LLC acquired a new position in Sprott Critical Materials ETF during the 1st quarter valued at approximately $262,000. Royal Bank of Canada boosted its position in Sprott Critical Materials ETF by 3.7% during the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock valued at $437,000 after purchasing an additional 1,116 shares during the period. Finally, Brookstone Capital Management acquired a new position in Sprott Critical Materials ETF during the 3rd quarter valued at approximately $929,000.

Sprott Critical Materials ETF Price Performance

NASDAQ:SETM opened at $27.05 on Friday. Sprott Critical Materials ETF has a 12-month low of $11.48 and a 12-month high of $30.15. The firm has a market capitalization of $131.19 million, a P/E ratio of 29.93 and a beta of 1.81. The business has a 50 day simple moving average of $23.60 and a 200 day simple moving average of $18.73.

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.