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

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 32,300 shares, a decline of 42.2% from the August 15th total of 55,900 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 50,800 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 50,800 shares, the short-interest ratio is currently 0.6 days. Currently, 1.0% of the company’s stock are short sold.

Sprott Critical Materials ETF Trading Up 3.1%

Shares of Sprott Critical Materials ETF stock traded up $0.69 during trading on Monday, hitting $22.57. 25,711 shares of the stock traded hands, compared to its average volume of 32,024. The stock’s fifty day simple moving average is $20.42 and its 200 day simple moving average is $16.90. The firm has a market cap of $71.08 million, a P/E ratio of 29.93 and a beta of 1.81. Sprott Critical Materials ETF has a 52-week low of $11.48 and a 52-week high of $22.63.

Institutional Investors Weigh In On Sprott Critical Materials ETF

Several large investors have recently modified their holdings of the business. Scotia Capital Inc. purchased a new stake in shares of Sprott Critical Materials ETF in the 2nd quarter worth approximately $351,000. Jaffetilchin Investment Partners LLC purchased a new position in Sprott Critical Materials ETF during the second quarter valued at approximately $443,000. Paul R. Ried Financial Group LLC raised its stake 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 worth $22,419,000 after buying an additional 105,155 shares in the last quarter. Financial Security Advisor Inc. purchased a new stake in Sprott Critical Materials ETF during the second quarter worth $192,000. Finally, Royal Bank of Canada boosted its position in Sprott Critical Materials ETF by 3.7% during the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock valued at $437,000 after acquiring an additional 1,116 shares in the last quarter.

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.