Sprott Energy Transition Materials ETF (NASDAQ:SETM) Short Interest Update

Sprott Energy Transition Materials ETF (NASDAQ:SETM) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,600 shares, a growth of 166.7% from the February 29th total of 600 shares. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Sprott Energy Transition Materials ETF

Several institutional investors have recently made changes to their positions in SETM. National Bank of Canada FI increased its holdings in Sprott Energy Transition Materials ETF by 234.1% in the 4th quarter. National Bank of Canada FI now owns 3,648 shares of the company’s stock worth $63,000 after acquiring an additional 2,556 shares in the last quarter. Royal Bank of Canada purchased a new stake in Sprott Energy Transition Materials ETF in the 2nd quarter worth $96,000. Osaic Holdings Inc. increased its holdings in Sprott Energy Transition Materials ETF by 4,556.3% in the 2nd quarter. Osaic Holdings Inc. now owns 18,625 shares of the company’s stock worth $331,000 after acquiring an additional 18,225 shares in the last quarter. Jane Street Group LLC purchased a new stake in Sprott Energy Transition Materials ETF in the 1st quarter worth $962,000. Finally, OLD Mission Capital LLC purchased a new stake in Sprott Energy Transition Materials ETF in the 1st quarter worth $2,153,000.

Sprott Energy Transition Materials ETF Stock Performance

SETM traded up $0.26 during trading on Thursday, reaching $17.31. 664 shares of the company’s stock were exchanged, compared to its average volume of 5,275. Sprott Energy Transition Materials ETF has a 1 year low of $15.29 and a 1 year high of $19.19. The company’s fifty day simple moving average is $16.37 and its 200-day simple moving average is $16.82.

About Sprott Energy Transition 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.