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

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 11,250 shares, a drop of 81.4% from the May 31st total of 60,621 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 234,923 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Sprott Critical Materials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Sprott Critical Materials ETF by 807.9% in the first quarter. Royal Bank of Canada now owns 78,684 shares of the company’s stock valued at $2,603,000 after buying an additional 70,017 shares in the last quarter. Waverly Advisors LLC acquired a new stake in Sprott Critical Materials ETF in the first quarter valued at $164,000. Cetera Investment Advisers lifted its stake in Sprott Critical Materials ETF by 15.8% in the first quarter. Cetera Investment Advisers now owns 116,678 shares of the company’s stock valued at $3,860,000 after acquiring an additional 15,942 shares during the last quarter. Assetmark Inc. bought a new position in shares of Sprott Critical Materials ETF in the 1st quarter valued at about $2,426,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Sprott Critical Materials ETF during the 1st quarter worth about $50,000.

Sprott Critical Materials ETF Stock Performance

SETM traded down $0.31 on Friday, hitting $30.99. 187,833 shares of the company were exchanged, compared to its average volume of 367,759. Sprott Critical Materials ETF has a 12 month low of $17.04 and a 12 month high of $40.55. The company has a market cap of $518.77 million, a PE ratio of 29.93 and a beta of 0.95. The stock’s fifty day moving average is $35.56 and its 200-day moving average is $34.29.

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.