Sprott Critical Materials ETF (NASDAQ:SETM) Shares Shorted: Short Interest Up 137.6% in October

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 61,921 shares, a growth of 137.6% from the September 30th total of 26,061 shares. Based on an average daily volume of 167,571 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Sprott Critical Materials ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Evolution Wealth Management Inc. bought a new position in shares of Sprott Critical Materials ETF in the first quarter worth about $26,000. NFSG Corp lifted its position in shares of Sprott Critical Materials ETF by 704.5% during the 1st quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 775 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Sprott Critical Materials ETF during the 1st quarter valued at about $50,000. Allworth Financial LP lifted its position in shares of Sprott Critical Materials ETF by 675.0% during the 2nd quarter. Allworth Financial LP now owns 1,581 shares of the company’s stock valued at $49,000 after buying an additional 1,377 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Sprott Critical Materials ETF during the 2nd quarter valued at approximately $84,000.

Sprott Critical Materials ETF Stock Down 5.9%

Shares of SETM opened at $24.41 on Friday. Sprott Critical Materials ETF has a twelve month low of $23.71 and a twelve month high of $40.55. The firm has a 50 day moving average of $30.15 and a 200 day moving average of $33.15. The company has a market capitalization of $415.21 million, a P/E ratio of 29.93 and a beta of 1.15.

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.