Sprott Critical Materials ETF (NASDAQ:SETM – Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 26,061 shares, a decrease of 78.9% from the September 15th total of 123,591 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 201,734 shares, the days-to-cover ratio is presently 0.1 days.
Sprott Critical Materials ETF Stock Performance
Sprott Critical Materials ETF stock traded down $0.62 during mid-day trading on Tuesday, reaching $27.48. The company’s stock had a trading volume of 30,952 shares, compared to its average volume of 286,589. Sprott Critical Materials ETF has a 12-month low of $23.71 and a 12-month high of $40.55. The company has a market capitalization of $478.13 million, a P/E ratio of 29.93 and a beta of 1.15. The firm’s fifty day moving average price is $32.08 and its two-hundred day moving average price is $33.08.
Institutional Trading of Sprott Critical Materials ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. purchased a new position in shares of Sprott Critical Materials ETF during the 2nd quarter valued at $3,516,000. Assetmark Inc. purchased a new stake in shares of Sprott Critical Materials ETF in the first quarter worth $2,426,000. Royal Bank of Canada boosted its stake in Sprott Critical Materials ETF by 807.9% during the first quarter. Royal Bank of Canada now owns 78,684 shares of the company’s stock valued at $2,603,000 after buying an additional 70,017 shares during the period. WT Wealth Management bought a new stake in Sprott Critical Materials ETF during the first quarter valued at $1,675,000. Finally, Allied Private Wealth LLC bought a new stake in Sprott Critical Materials ETF during the second quarter valued at $844,000.
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.
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