Sprott Critical Materials ETF (NASDAQ:SETM – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 24,424 shares, a growth of 117.1% from the June 15th total of 11,250 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 212,447 shares, the days-to-cover ratio is currently 0.1 days.
Sprott Critical Materials ETF Price Performance
Sprott Critical Materials ETF stock traded down $0.33 during mid-day trading on Wednesday, reaching $29.89. 88,056 shares of the company traded hands, compared to its average volume of 349,795. Sprott Critical Materials ETF has a fifty-two week low of $18.21 and a fifty-two week high of $40.55. The company has a market capitalization of $552.37 million, a price-to-earnings ratio of 29.93 and a beta of 1.03. The firm’s fifty day moving average is $33.99 and its two-hundred day moving average is $34.50.
Institutional Investors Weigh In On Sprott Critical Materials ETF
Large investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new position in Sprott Critical Materials ETF during the 1st quarter worth approximately $26,000. NFSG Corp increased its stake in shares of Sprott Critical Materials ETF by 704.5% in the first quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after acquiring an additional 775 shares during the period. Uniplan Investment Counsel Inc. purchased a new position in shares of Sprott Critical Materials ETF during the fourth quarter worth $34,000. Federation des caisses Desjardins du Quebec acquired a new position in Sprott Critical Materials ETF during the fourth quarter valued at $38,000. Finally, Kestra Advisory Services LLC purchased a new stake in Sprott Critical Materials ETF in the fourth quarter valued at $40,000.
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.
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