Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Up 243.8% in May

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

Hedge Funds Weigh In On Sprott Critical Materials ETF

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

Sprott Critical Materials ETF Stock Up 3.0%

Shares of SETM stock traded up $1.01 during mid-day trading on Friday, reaching $34.24. The company’s stock had a trading volume of 214,147 shares, compared to its average volume of 379,036. The company’s 50 day simple moving average is $35.90 and its 200-day simple moving average is $33.88. Sprott Critical Materials ETF has a 12-month low of $16.25 and a 12-month high of $40.55. The firm has a market capitalization of $573.18 million, a PE ratio of 29.93 and a beta of 0.95.

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.