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

Sprott Critical Materials ETF (NASDAQ:SETM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 16,451 shares, a decrease of 24.7% from the December 15th total of 21,836 shares. Based on an average trading volume of 272,888 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 272,888 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Sprott Critical Materials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SETM. AdvisorNet Financial Inc bought a new position in shares of Sprott Critical Materials ETF during the third quarter valued at approximately $49,000. National Bank of Canada FI grew its stake in shares of Sprott Critical Materials ETF by 560.7% in the 3rd quarter. National Bank of Canada FI now owns 3,006 shares of the company’s stock worth $75,000 after buying an additional 2,551 shares during the last quarter. Financial Security Advisor Inc. bought a new position in Sprott Critical Materials ETF during the 2nd quarter valued at approximately $192,000. Wealthcare Advisory Partners LLC purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $213,000. Finally, Cooper Investors PTY Ltd. purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $215,000.

Sprott Critical Materials ETF Stock Performance

Shares of SETM traded up $0.01 on Friday, reaching $35.03. The stock had a trading volume of 482,781 shares, compared to its average volume of 507,025. Sprott Critical Materials ETF has a 12-month low of $11.48 and a 12-month high of $35.35. The firm has a market capitalization of $366.76 million, a price-to-earnings ratio of 29.93 and a beta of 0.90. The company has a 50-day simple moving average of $28.98 and a 200-day simple moving average of $24.88.

Sprott Critical Materials ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were given a dividend of $0.4527 per share. This represents a yield of 164.0%. The ex-dividend date of this dividend was Thursday, December 18th.

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.