Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Down 24.7% in December

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 16,451 shares, a drop of 24.7% from the December 15th total of 21,836 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 272,888 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 272,888 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Sprott Critical Materials ETF by 3.7% in the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock valued at $437,000 after buying an additional 1,116 shares during the last quarter. Financial Security Advisor Inc. bought a new stake in Sprott Critical Materials ETF during the second quarter worth $192,000. Paul R. Ried Financial Group LLC raised its position in Sprott Critical Materials ETF by 8.8% during the second quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock worth $22,419,000 after acquiring an additional 105,155 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in Sprott Critical Materials ETF in the second quarter valued at $443,000. Finally, Scotia Capital Inc. bought a new position in shares of Sprott Critical Materials ETF in the 2nd quarter valued at about $351,000.

Sprott Critical Materials ETF Price Performance

NASDAQ:SETM traded up $0.01 on Monday, hitting $35.03. 482,781 shares of the company’s stock were exchanged, compared to its average volume of 507,025. The firm has a 50-day moving average price of $28.98 and a 200-day moving average price of $24.93. Sprott Critical Materials ETF has a 52 week low of $11.48 and a 52 week high of $35.35. The company has a market cap of $366.76 million, a P/E ratio of 29.93 and a beta of 0.90.

Sprott Critical Materials ETF Announces Dividend

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

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.