Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Update

Sprott Critical Materials ETF (NASDAQ:SETM) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 21,836 shares, a decline of 55.9% from the November 30th total of 49,558 shares. Based on an average daily volume of 195,718 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 195,718 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Sprott Critical Materials ETF

Large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans acquired a new position in shares of Sprott Critical Materials ETF during the 3rd quarter worth about $14,044,000. Fortis Advisors LLC purchased a new stake in shares of Sprott Critical Materials ETF during the third quarter worth approximately $3,581,000. Paul R. Ried Financial Group LLC lifted its holdings in Sprott Critical Materials ETF by 8.8% in the 2nd quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock valued at $22,419,000 after purchasing an additional 105,155 shares in the last quarter. Brookstone Capital Management acquired a new stake in Sprott Critical Materials ETF during the 3rd quarter worth $929,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of Sprott Critical Materials ETF during the second quarter worth $443,000.

Sprott Critical Materials ETF Stock Performance

SETM stock opened at $30.13 on Friday. Sprott Critical Materials ETF has a one year low of $11.48 and a one year high of $30.20. The firm’s fifty day moving average is $27.17 and its 200 day moving average is $23.24. The firm has a market cap of $182.89 million, a PE ratio of 29.93 and a beta of 0.90.

Sprott Critical Materials ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were paid a dividend of $0.4527 per share. This represents a dividend yield of 164.0%. The ex-dividend date of this dividend was Thursday, December 18th.

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.