Sprott Critical Materials ETF (NASDAQ:SETM) Stock Short Interest Falls 78.9%

Sprott Critical Materials ETF (NASDAQ:SETM) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 26,061 shares, a decline of 78.9% from the September 15th total of 123,591 shares. Based on an average daily volume of 201,734 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Sprott Critical Materials ETF Stock Up 1.7%

Shares of SETM traded up $0.47 during trading hours on Friday, hitting $28.72. The company had a trading volume of 69,036 shares, compared to its average volume of 288,472. The firm has a market cap of $499.73 million, a price-to-earnings ratio of 29.93 and a beta of 1.15. The business has a fifty day moving average of $32.10 and a 200-day moving average of $33.09. Sprott Critical Materials ETF has a 12 month low of $23.71 and a 12 month high of $40.55.

Institutional Trading of Sprott Critical Materials ETF

Several hedge funds and other institutional investors have recently modified their holdings of SETM. Evolution Wealth Management Inc. acquired a new position in Sprott Critical Materials ETF in the 1st quarter valued at about $26,000. NFSG Corp raised its holdings in Sprott Critical Materials ETF by 704.5% in the 1st quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after acquiring an additional 775 shares during the period. Allworth Financial LP raised its holdings in Sprott Critical Materials ETF by 675.0% in the 2nd quarter. Allworth Financial LP now owns 1,581 shares of the company’s stock valued at $49,000 after acquiring an additional 1,377 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Sprott Critical Materials ETF during the first quarter worth approximately $50,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Sprott Critical Materials ETF during the second quarter worth approximately $84,000.

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.