Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Down 80.9% in October

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 63,000 shares, a drop of 80.9% from the September 30th total of 330,200 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 128,900 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 128,900 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.0% of the company’s shares are sold short.

Sprott Critical Materials ETF Stock Performance

Shares of NASDAQ:SETM opened at $25.88 on Tuesday. The firm has a market cap of $157.09 million, a PE ratio of 29.93 and a beta of 0.90. The firm’s 50 day simple moving average is $24.25 and its 200-day simple moving average is $19.40. Sprott Critical Materials ETF has a one year low of $11.48 and a one year high of $30.15.

Hedge Funds Weigh In On Sprott Critical Materials ETF

A number of institutional investors have recently modified their holdings of SETM. Paul R. Ried Financial Group LLC increased its position in shares of Sprott Critical Materials ETF by 15.2% during the first quarter. Paul R. Ried Financial Group LLC now owns 1,189,220 shares of the company’s stock worth $16,804,000 after acquiring an additional 157,120 shares during the period. Brookstone Capital Management bought a new position in shares of Sprott Critical Materials ETF during the third quarter valued at approximately $929,000. Jaffetilchin Investment Partners LLC bought a new position in shares of Sprott Critical Materials ETF during the second quarter valued at approximately $443,000. Scotia Capital Inc. bought a new position in shares of Sprott Critical Materials ETF during the second quarter valued at approximately $351,000. Finally, Lane Generational LLC bought a new position in shares of Sprott Critical Materials ETF during the first quarter valued at approximately $262,000.

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.