Sprott Critical Materials ETF (NASDAQ:SETM – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 61,921 shares, an increase of 137.6% from the September 30th total of 26,061 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 167,571 shares, the days-to-cover ratio is currently 0.4 days.
Sprott Critical Materials ETF Stock Down 5.6%
SETM opened at $24.47 on Friday. The company has a market cap of $418.61 million, a P/E ratio of 29.93 and a beta of 1.15. The firm’s 50-day moving average price is $30.33 and its 200-day moving average price is $33.20. Sprott Critical Materials ETF has a 52-week low of $23.71 and a 52-week high of $40.55.
Hedge Funds Weigh In On Sprott Critical Materials ETF
Large investors have recently made changes to their positions in the company. BFI Infinity Ltd. purchased a new position in Sprott Critical Materials ETF during the third quarter worth approximately $11,880,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Sprott Critical Materials ETF by 43.2% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 147,739 shares of the company’s stock worth $4,329,000 after purchasing an additional 44,580 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Sprott Critical Materials ETF by 15.8% in the first quarter. Cetera Investment Advisers now owns 116,678 shares of the company’s stock valued at $3,860,000 after acquiring an additional 15,942 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Sprott Critical Materials ETF in the 2nd quarter valued at about $3,516,000. Finally, Carnegie Investment Counsel increased its holdings in Sprott Critical Materials ETF by 7.8% in the 1st quarter. Carnegie Investment Counsel now owns 85,312 shares of the company’s stock valued at $2,822,000 after purchasing an additional 6,144 shares during the last quarter.
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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