Sprott Critical Materials ETF (NASDAQ:SETM) Sees Large Growth in Short Interest

Sprott Critical Materials ETF (NASDAQ:SETM) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 24,424 shares, a growth of 117.1% from the June 15th total of 11,250 shares. Based on an average daily trading volume, of 212,447 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Sprott Critical Materials ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Paul R. Ried Financial Group LLC boosted its stake in shares of Sprott Critical Materials ETF by 0.7% during the 3rd quarter. Paul R. Ried Financial Group LLC now owns 1,303,117 shares of the company’s stock worth $32,773,000 after acquiring an additional 8,742 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Sprott Critical Materials ETF by 69.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 948,711 shares of the company’s stock valued at $27,558,000 after purchasing an additional 390,284 shares during the period. BFI Infinity Ltd. increased its position in shares of Sprott Critical Materials ETF by 2.9% in the second quarter. BFI Infinity Ltd. now owns 404,253 shares of the company’s stock valued at $12,597,000 after buying an additional 11,334 shares in the last quarter. Fortis Advisors LLC raised its stake in shares of Sprott Critical Materials ETF by 0.7% during the 4th quarter. Fortis Advisors LLC now owns 143,405 shares of the company’s stock worth $4,152,000 after buying an additional 1,016 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Sprott Critical Materials ETF by 15.8% during the 1st quarter. Cetera Investment Advisers now owns 116,678 shares of the company’s stock valued at $3,860,000 after buying an additional 15,942 shares in the last quarter.

Sprott Critical Materials ETF Price Performance

SETM stock traded down $0.33 during trading on Wednesday, hitting $29.89. 88,056 shares of the company traded hands, compared to its average volume of 349,795. Sprott Critical Materials ETF has a 1 year low of $18.21 and a 1 year high of $40.55. The company has a market cap of $552.37 million, a PE ratio of 29.93 and a beta of 1.03. The stock’s 50-day simple moving average is $33.99 and its 200 day simple moving average is $34.50.

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.