Short Interest in Sprott Critical Materials ETF (NASDAQ:SETM) Grows By 1,539.5%

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 269,721 shares, an increase of 1,539.5% from the December 31st total of 16,451 shares. Based on an average trading volume of 500,219 shares, the days-to-cover ratio is presently 0.5 days. Approximately 2.3% of the company’s shares are sold short. Approximately 2.3% of the company’s shares are sold short. Based on an average trading volume of 500,219 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Sprott Critical Materials ETF

Hedge funds have recently made changes to their positions in the company. TKG Advisors LLC purchased a new stake in Sprott Critical Materials ETF in the fourth quarter worth about $3,065,000. G&S Capital LLC bought a new stake in Sprott Critical Materials ETF during the 4th quarter valued at $2,035,000. PFG Advisors bought a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth $868,000. Private Trust Co. NA bought a new stake in Sprott Critical Materials ETF during the fourth quarter valued at about $1,035,000. Finally, Cathy Pareto & Associates Inc. bought a new position in Sprott Critical Materials ETF in the fourth quarter worth about $298,000.

Sprott Critical Materials ETF Trading Up 1.6%

Shares of SETM opened at $39.73 on Thursday. The firm has a fifty day moving average price of $30.78 and a 200-day moving average price of $25.98. The firm has a market capitalization of $473.98 million, a P/E ratio of 29.93 and a beta of 0.90. Sprott Critical Materials ETF has a 12-month low of $11.48 and a 12-month high of $40.30.

Sprott Critical Materials ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a $0.4527 dividend. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 164.0%.

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.