Sprott Critical Materials ETF (NASDAQ:SETM) Sees Large Decline in Short Interest

Sprott Critical Materials ETF (NASDAQ:SETM) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 11,250 shares, a decrease of 81.4% from the May 31st total of 60,621 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 234,923 shares, the short-interest ratio is currently 0.0 days.

Sprott Critical Materials ETF Trading Down 0.4%

Shares of NASDAQ:SETM opened at $31.30 on Friday. The company has a market capitalization of $523.96 million, a PE ratio of 29.93 and a beta of 0.95. Sprott Critical Materials ETF has a 12-month low of $16.93 and a 12-month high of $40.55. The business’s fifty day simple moving average is $35.68 and its 200-day simple moving average is $34.32.

Hedge Funds Weigh In On Sprott Critical Materials ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SETM. NFSG Corp raised its holdings in Sprott Critical Materials ETF by 704.5% in the first quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 775 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Sprott Critical Materials ETF in the 1st quarter valued at about $26,000. Fortis Advisors LLC boosted its holdings in shares of Sprott Critical Materials ETF by 0.7% in the 4th quarter. Fortis Advisors LLC now owns 143,405 shares of the company’s stock valued at $4,152,000 after buying an additional 1,016 shares in the last quarter. Royal Bank of Canada grew its position 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 worth $437,000 after buying an additional 1,116 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth approximately $34,000.

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.