Sprott Critical Materials ETF (NASDAQ:SETM) Sees Large Growth in Short Interest

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in shares of Sprott Critical Materials ETF by 69.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 948,711 shares of the company’s stock worth $27,558,000 after acquiring an additional 390,284 shares during the last quarter. TKG Advisors LLC bought a new position in shares of Sprott Critical Materials ETF in the fourth quarter valued at approximately $3,065,000. Cetera Investment Advisers bought a new position in Sprott Critical Materials ETF in the 4th quarter worth $2,916,000. Inspire Advisors LLC acquired a new position in shares of Sprott Critical Materials ETF during the 4th quarter worth about $2,721,000. Finally, Triton Wealth Management PLLC acquired a new position in shares of Sprott Critical Materials ETF during the fourth quarter worth approximately $2,442,000.

Sprott Critical Materials ETF Trading Down 1.8%

SETM stock opened at $32.73 on Friday. The firm has a 50-day moving average of $31.18 and a two-hundred day moving average of $34.07. Sprott Critical Materials ETF has a one year low of $19.84 and a one year high of $40.55. The firm has a market capitalization of $584.23 million, a PE ratio of 29.93 and a beta of 1.06.

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.