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

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 16,256 shares, a decrease of 84.2% from the February 26th total of 102,839 shares. Based on an average trading volume of 291,169 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 291,169 shares, the short-interest ratio is currently 0.1 days.

Sprott Critical Materials ETF Price Performance

SETM stock traded up $0.40 during midday trading on Tuesday, reaching $31.57. 166,095 shares of the company were exchanged, compared to its average volume of 482,971. Sprott Critical Materials ETF has a one year low of $11.48 and a one year high of $40.55. The firm has a market capitalization of $440.72 million, a price-to-earnings ratio of 29.93 and a beta of 0.90. The business has a 50-day moving average price of $35.53 and a two-hundred day moving average price of $29.95.

Institutional Trading of Sprott Critical Materials ETF

Several hedge funds and other institutional investors have recently modified their holdings of SETM. Uniplan Investment Counsel Inc. acquired a new position in Sprott Critical Materials ETF in the 4th quarter valued at about $34,000. Federation des caisses Desjardins du Quebec acquired a new stake in Sprott Critical Materials ETF during the fourth quarter worth approximately $38,000. Kestra Advisory Services LLC acquired a new stake in Sprott Critical Materials ETF during the fourth quarter worth approximately $40,000. Bank of Montreal Can bought a new stake in shares of Sprott Critical Materials ETF during the fourth quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Sprott Critical Materials ETF during the third quarter worth approximately $49,000.

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.