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

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 24,424 shares, a growth of 117.1% from the June 15th total of 11,250 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 212,447 shares, the days-to-cover ratio is presently 0.1 days.

Sprott Critical Materials ETF Trading Down 4.5%

Sprott Critical Materials ETF stock opened at $28.60 on Friday. The stock has a market cap of $528.53 million, a price-to-earnings ratio of 29.93 and a beta of 1.03. The company’s 50-day moving average price is $33.63 and its two-hundred day moving average price is $34.49. Sprott Critical Materials ETF has a 52 week low of $18.21 and a 52 week high of $40.55.

Institutional Trading of Sprott Critical Materials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. G&S Capital LLC increased its holdings in shares of Sprott Critical Materials ETF by 1.1% in the second quarter. G&S Capital LLC now owns 72,108 shares of the company’s stock valued at $2,247,000 after buying an additional 808 shares in the last quarter. BFI Infinity Ltd. boosted its holdings in shares of Sprott Critical Materials ETF by 2.9% in the second quarter. BFI Infinity Ltd. now owns 404,253 shares of the company’s stock worth $12,597,000 after buying an additional 11,334 shares during the period. Allied Private Wealth LLC purchased a new position in shares of Sprott Critical Materials ETF in the second quarter worth approximately $844,000. Royal Bank of Canada increased its position in shares of Sprott Critical Materials ETF by 807.9% in the first quarter. Royal Bank of Canada now owns 78,684 shares of the company’s stock worth $2,603,000 after acquiring an additional 70,017 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new stake in shares of Sprott Critical Materials ETF during the first quarter valued at approximately $164,000.

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. SETM was launched on Feb 1, 2023 and is managed by Sprott.