Short Interest in Sprott Critical Materials ETF (NASDAQ:SETM) Rises By 154.4%

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 60,050 shares, an increase of 154.4% from the July 15th total of 23,605 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 151,511 shares, the days-to-cover ratio is currently 0.4 days.

Sprott Critical Materials ETF Price Performance

SETM traded up $0.25 during trading on Friday, hitting $32.98. The company had a trading volume of 119,421 shares, compared to its average volume of 320,983. Sprott Critical Materials ETF has a 1-year low of $19.84 and a 1-year high of $40.55. The company has a market cap of $588.69 million, a PE ratio of 29.93 and a beta of 1.06. The business has a 50-day moving average of $31.19 and a 200-day moving average of $34.06.

Hedge Funds Weigh In On Sprott Critical Materials ETF

Large investors have recently modified their holdings of the stock. NFSG Corp increased its holdings in Sprott Critical Materials ETF by 704.5% in the first quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 775 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in Sprott Critical Materials ETF during the 1st quarter worth approximately $26,000. G&S Capital LLC grew its position in shares of Sprott Critical Materials ETF by 1.1% in the 2nd quarter. G&S Capital LLC now owns 72,108 shares of the company’s stock worth $2,247,000 after acquiring an additional 808 shares in the last quarter. Fortis Advisors LLC grew its position in shares of Sprott Critical Materials ETF by 0.7% in the 4th quarter. Fortis Advisors LLC now owns 143,405 shares of the company’s stock worth $4,152,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Sprott Critical Materials ETF by 3.7% in the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock worth $437,000 after acquiring an additional 1,116 shares in the last quarter.

About Sprott Critical Materials ETF

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.