Short Interest in Sprott Critical Materials ETF (NASDAQ:SETM) Rises By 573.8%

Sprott Critical Materials ETF (NASDAQ:SETM) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 102,839 shares, an increase of 573.8% from the February 12th total of 15,262 shares. Based on an average daily trading volume, of 299,214 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 299,214 shares, the short-interest ratio is currently 0.3 days.

Sprott Critical Materials ETF Trading Up 3.8%

Sprott Critical Materials ETF stock opened at $35.69 on Wednesday. The firm has a market capitalization of $498.23 million, a price-to-earnings ratio of 29.93 and a beta of 0.90. The firm’s fifty day moving average price is $35.35 and its two-hundred day moving average price is $29.26. Sprott Critical Materials ETF has a 1-year low of $11.48 and a 1-year high of $40.55.

Sprott Critical Materials ETF Dividend Announcement

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

Institutional Trading of Sprott Critical Materials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. bought a new position in shares of Sprott Critical Materials ETF in the fourth quarter valued at approximately $34,000. Federation des caisses Desjardins du Quebec bought a new stake in Sprott Critical Materials ETF during the fourth quarter worth $38,000. Kestra Advisory Services LLC bought a new stake in Sprott Critical Materials ETF during the fourth quarter worth $40,000. Bank of Montreal Can purchased a new stake in Sprott Critical Materials ETF in the 4th quarter valued at $43,000. Finally, AdvisorNet Financial Inc purchased a new stake in Sprott Critical Materials ETF in the 3rd quarter valued at $49,000.

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.