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

Sprott Critical Materials ETF (NASDAQ:SETM) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 157,925 shares, an increase of 1,372.4% from the March 31st total of 10,726 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 288,549 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Sprott Critical Materials ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Uniplan Investment Counsel Inc. acquired a new stake 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 position in shares of Sprott Critical Materials ETF during the fourth quarter worth $38,000. Kestra Advisory Services LLC acquired a new position in Sprott Critical Materials ETF in the 4th quarter worth $40,000. Bank of Montreal Can acquired a new position in Sprott Critical Materials ETF in the 4th quarter worth $43,000. Finally, AdvisorNet Financial Inc acquired a new position in Sprott Critical Materials ETF in the 3rd quarter worth $49,000.

Sprott Critical Materials ETF Trading Down 1.2%

NASDAQ SETM opened at $36.42 on Friday. The firm has a market cap of $592.55 million, a price-to-earnings ratio of 29.93 and a beta of 0.97. The company has a 50 day moving average of $35.01 and a 200-day moving average of $31.76. Sprott Critical Materials ETF has a 1-year low of $13.82 and a 1-year high of $40.55.

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.