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

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large decrease in short interest during 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 291,169 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 291,169 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Sprott Critical Materials ETF Stock Performance

SETM traded up $0.40 during trading on Tuesday, reaching $31.57. 166,095 shares of the stock were exchanged, compared to its average volume of 482,971. The stock’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $29.95. Sprott Critical Materials ETF has a twelve month low of $11.48 and a twelve month high of $40.55. The stock has a market cap of $440.72 million, a P/E ratio of 29.93 and a beta of 0.90.

Institutional Investors Weigh In On Sprott Critical Materials ETF

A number of institutional investors and hedge funds have recently modified their holdings of SETM. Thrivent Financial for Lutherans bought a new position in Sprott Critical Materials ETF during the third quarter worth about $14,044,000. BFI Infinity Ltd. bought a new stake in Sprott Critical Materials ETF in the fourth quarter valued at approximately $10,349,000. Fortis Advisors LLC bought a new stake in Sprott Critical Materials ETF in the third quarter valued at approximately $3,581,000. TKG Advisors LLC acquired a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at approximately $3,065,000. Finally, Cetera Investment Advisers bought a new position in shares of Sprott Critical Materials ETF during the 4th quarter worth approximately $2,916,000.

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.