Short Interest in Sprott Critical Materials ETF (NASDAQ:SETM) Expands By 243.8%

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 60,621 shares, a growth of 243.8% from the May 14th total of 17,635 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 211,650 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Sprott Critical Materials ETF

Large investors have recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in shares of Sprott Critical Materials ETF in the 1st quarter valued at about $26,000. NFSG Corp increased its stake in Sprott Critical Materials ETF by 704.5% in the 1st quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 775 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth approximately $34,000. Federation des caisses Desjardins du Quebec purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth approximately $38,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth approximately $40,000.

Sprott Critical Materials ETF Price Performance

Shares of NASDAQ:SETM traded up $2.38 during mid-day trading on Thursday, hitting $33.23. The company had a trading volume of 269,139 shares, compared to its average volume of 380,181. The firm has a fifty day moving average price of $35.90 and a 200 day moving average price of $33.83. The company has a market capitalization of $556.27 million, a PE ratio of 29.93 and a beta of 0.95. Sprott Critical Materials ETF has a one year low of $16.25 and a one year high of $40.55.

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.