Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Up 1,539.5% in January

Sprott Critical Materials ETF (NASDAQ:SETM) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 269,721 shares, an increase of 1,539.5% from the December 31st total of 16,451 shares. Based on an average daily volume of 500,219 shares, the short-interest ratio is presently 0.5 days. Currently, 2.3% of the shares of the stock are sold short. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 500,219 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Sprott Critical Materials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SETM. Thrivent Financial for Lutherans purchased a new position in Sprott Critical Materials ETF in the third quarter worth approximately $14,044,000. BFI Infinity Ltd. purchased a new stake in Sprott Critical Materials ETF during the fourth quarter worth $10,349,000. Fortis Advisors LLC acquired a new stake in Sprott Critical Materials ETF in the third quarter valued at $3,581,000. Paul R. Ried Financial Group LLC grew its holdings in Sprott Critical Materials ETF by 8.8% in the second quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock valued at $22,419,000 after purchasing an additional 105,155 shares during the last quarter. Finally, Carnegie Investment Counsel purchased a new position in shares of Sprott Critical Materials ETF in the fourth quarter valued at $2,292,000.

Sprott Critical Materials ETF Price Performance

SETM stock traded up $0.79 during trading on Tuesday, hitting $39.09. The stock had a trading volume of 746,653 shares, compared to its average volume of 636,848. Sprott Critical Materials ETF has a twelve month low of $11.48 and a twelve month high of $40.30. The stock has a market capitalization of $466.34 million, a P/E ratio of 29.93 and a beta of 0.90. The company’s 50-day moving average price is $30.53 and its two-hundred day moving average price is $25.89.

Sprott Critical Materials ETF Dividend Announcement

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

About Sprott Critical Materials ETF

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.